Nifty Bank Index
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BANKNIFTY Analysis for August 2019

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CPR is wide -> Expect a sideways market ranging between H2 and S1.
CPR and H3 are forming a strong resistance. If broken, expect bullish movement.
S1 is a strong support. If not broken, expect a bounce back. If broken, expect more downwards movement.

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Nota
S1 not breached in two weeks.

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