BankNIFTY: Holding Strength Amid Market Correction
Topic Statement:
BankNIFTY is undergoing a correction but remains more resilient than NIFTY, with key retracement levels acting as support.
Key points:
1. The price has breached the weekly up-trendline, signaling an end to the bullish trend.
2. BankNIFTY may see further correction, shifting its trend to sideways or bearish.
3. Retracement levels will serve as key support zones during the correction.
BankNIFTY is undergoing a correction but remains more resilient than NIFTY, with key retracement levels acting as support.
Key points:
1. The price has breached the weekly up-trendline, signaling an end to the bullish trend.
2. BankNIFTY may see further correction, shifting its trend to sideways or bearish.
3. Retracement levels will serve as key support zones during the correction.
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