Bank Nifty View
Bank
Nifty, on the other hand, has already broken down from a Symmetrical Triangle
pattern on the daily chart. The index has also closed below its short term
20-DEMA for the first time since mid-week of May 2019. This clearly indicates
weakness. Going forward, 30000 mark is the crucial support, while resistance is
seen around 30850 zones.
Weekly Chart
Open interest for
the week
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Nifty option
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