Banknifty Daily Analysis
Case is little different in Banknifty as it has underperformed Nifty since the decline started and reached it's 200DEMA now and today saw a price rejection there forming a Hammer Candle Pattern. Talking about support as of now this 200DEMA line could work as support, if that gets penetrated then next support is at 34000 while resistance is at 37000.
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