Key Levels to Watch in BankNifty
BankNifty is showing signs of weakness. To achieve new highs, it needs to close above 49,975 on a weekly time frame. If it fails to do so, we may see a significant decline in BankNifty.
Traders looking for short opportunities can consider entering short positions with a stop-loss placed just above the 49,975 level on a weekly closing basis.
Traders looking for short opportunities can consider entering short positions with a stop-loss placed just above the 49,975 level on a weekly closing basis.
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