Nifty Bank Index

CHART ANALYSIS OF BANK NIFTY FOR 24TH FEB 2022

37800 will act as a major resistance for tomorrow. On the downside, 37000 will act as a strong support. The DAILY TRENDLINE is acting as a support that should be sustained in order for Bank Nifty to be in the neutral to bullish territory. If it breaks the 1H TRENDLINE, then a major conformation can be anticipated that it will be bullish when it goes above 37800 zone.

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