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pardeepv

Bank nifty has broken the price channel existed since oct18,

Nifty Bank Index (NSE:BANKNIFTY)  
pardeepv Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis
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trendanalysis
bank nifty has decisively broken the price channel existed since oct 18, and is now facing resistance near its lower trend line. Its a positional sell now with SL 27250 and target 26700
Trade active:
Today again it faced the resistance near lower line of channel. 30 min closing below 26730 will exaggerate the selling pressure, From charts it seems 26000 may be tested very soon.
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