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Bank Nifty Index can make new highs but after good Retracement

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NSE:BANKNIFTY   Nifty Bank Index
BANKNIFTY

Bank Nifty has entered the bull market and is making higher highs and higher lows. 1 hour chart showed negative divergence and this stock could possibly retest its previous zone which is also Fibonacci 60% retracement which makes it an important zone. After the retest it could make new highs.

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