BANK NIFTY is consolidating between 22100 and 22500 for couple of days. Immediate resistance on BANK NIFTY is 21665. It will be interesting to see formations at these levels. Broad BANK NIFTY range looks to be 21200 and 23500.
Appropriate option positions can be initiated near support or resistance.
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Bullish divergence seen on lower time frame. Downside risk is less.
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Bank Nifty to trade between 22000 and 23000. Appropriate option positions can be initiated.