Nifty Bank Index
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Banknifty- consolidating around R3, preparing to surge to 39k

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Banknifty struggled yet agin to sustain above R3 (37650 levels).This is yet another session closing around R3 resistance. Once breached, the journey to R4 should be swift---which means 39k will be within strike. FII selling kept the momentum bearish. CPR is narrow tomorrow, day before expiry---so a trending day is expected. Good corporate results could get the momentum going anytime now. What do you think?

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