NSE:NIFTY Nifty has been in a free fall from last 3 days but it has paused and signeled some signs of reversal after a volatile range bound session. It has a good support of 17420 and at the same level 2 more confluences are present. 1. bear channel support line ( marked in green colour) 2.Daily TF Support trendline support.
for nifty to move more down it need to break and sustain below the 17420. longs are above 17710.
Banknifty levels
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#BANKNIFTY moving in between 40160 our support (short below) level and 40800 resistance (long above) level.