BANK NIFTY-Looks weaker-Trailing towards its 200DEMA 49500?
Bank Nifty : Violated its trend line support in daily chart and in the process breached its 20DEMA/50DEMA Supports. Has minor support at 50200 and its major support lies at 49500-its 200 DEMA. For Bank Nifty to gain any buying momentum need to hold above 51000 or otherwise expect sell on rise.(For educational purpose only)
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