Truncated week started like Nifty with a higher opening around 250 points at 39284 and remained in narrow range positive bias. Making low at 39119 & High 39444 Bank Nifty closed at 39240 up by day to day basis 197 points and formed a Doji kind of pattern on the daily charts. Gap support at top in between 39119 to 39088.
Roughly speaking if it holds 39000 then upward journey may move towards 39500 and 39750 levels, whereas supports are placed at 38888 and 38750 levels <5DSMA>.
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