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BY A STAFF REPORTER:
Bank Nifty Started with lower opening at 38958 and hitting an intraday low of 38438. Finally settled at 38624 down by -500 points. Though it formed bearish candle on the daily charts but took support from expected crucial level 38500/400.
The immediate upside resistance is placed at 39000 -39300. Break out only above major 39600.
If breaches below 38400 on a closing basis will lead to further sell-off towards 38000-37500 levels.
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Source : Eureka
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