Bank nifty has broken the important level of 50022.85 on the chart yesterday. We have a pressure dates on 07 August 2024, 20 August 2024 and 27 August 2024. We have failed to the level of 51134.70 on the charts. Remember the exit polls high of 51133.30. we have next supports at 49189.15 and 48911.70. Below 48911.70 we may see deeper correction. For any recovery to start on the index we need to cross the 51134.70 level. We will observe further movements or price action around the pressure dates given above.
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