Nifty Bank Index

Bank Nifty inside Crucial Price action zone

1 642
BankNifty is mostly concentrated in a parallel channel.
A few breakouts/Breakdowns has been rejected multiple times.

A major uptrend in BN immediately rejected by massive downtrend and pushed in the zone again.

Price levels are again on top of the channel.
If Breakout of the zone failed, Go short. And if Breakout succeeds then go long till 23400-500.

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