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aravindleo_99

Bank Nifty downside target of 31687 and 30921

Nifty Bank Index (NSE:BANKNIFTY)  
aravindleo_99 Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Fibonacci Pivot Points
6
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trendanalysis fibonacci pivotpoints
If we are not closing above 32500 by close of play today then in downside, the first target would be 31687 and their 30921 and it may go little deeper for 100-200 pts and there is no upside movement till T2 is achieved. Its bcos the smart money wants to shave out all the loose hands and then the market will come to the same rate of 34500 in next month but not this month. The volatalily is going to spike like anything.
Comment:
T1 achieved in the opening. There may be upside movement to fill the gap either today or tomorrow and it purely depends on the trend.
Comment:
T2 also achieved now
Comment:
On the downside if we break morning low then immediate support is at 30653 to 30483
Comment:
Morning low broken and expecting it to reach the next support level of 30653 to 30483

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