Nifty Bank Index

BANK NIFTY gaps up opens at target 1

273
could not sustain at target 1 retraces.
buy can be initiated if bank nifty breaks out of the channel and takes out recent high.
if it breaks the channel down side sign of caution.
if breaks out the channel in upside and takes out today's high
target 2 and target 3 are possible.
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