Nifty Bank IndexShort
BREAKDOWN ALREADY RETESTED THE LEVEL
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Breakdown as shown in chart from the level of 4186, Stop loss is 4186 and target is 41600, on daily time frame already bearish batman chart pattern is formed,India Vix is very low and on support it may bounce in upward direction from this level. Due to interest rate hike by US Fedral authority,and inflation, Global sentiment is negative. Probability of Bank Nifty further breakdown continuation is very high.
Breakdown as shown in chart from the level of 4186, Stop loss is 4186 and target is 41600, on daily time frame already bearish batman chart pattern is formed,India Vix is very low and on support it may bounce in upward direction from this level. Due to interest rate hike by US Fedral authority,and inflation, Global sentiment is negative. Probability of Bank Nifty further breakdown continuation is very high.
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