Nifty Bank Index

Crucial levels in Bank Nifty and Nifty

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Longs seem to be drying and tiring. Both Nifty and Bank nifty are at crucial resistance levels. 15865 for nifty and 35350-35500 for bank nifty. Strict stop loss for longs - Profit booking could come in at any time.
Once below the support trend line and confirmation below the cloud could spell a long time unwinding of longs to head for lower lows.
Opinion only - not a recommendation.

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