Market Trend :
Bearish view continue = Sell-Sell-Sell
No Long please……………Bank Nifty More downside.
Market Out Look :
Market are continue in bearish note and last two trading sessions almost wipe out more than 150 points and made a low 11520 due to depreciation of domestic currency against dollar at 71.54 and surging of Oil prices. Short term trend have been changed and avoid any fresh long and sell side. Do not also try to bottom fishing till picture not clear.
Nifty Spot :
Nifty finally broken support level 11620 and made a low 11497. Now consider resistance 11600-11620 as long as remain below down side open towards 11440-11400 or even towards 11340 cannot be ruled out.
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