Bank Nifty is in downtrend from past 2 days and now it has reached to "once a resistance zone now may act as a good support" Zone. The rectangle zone may act as a good support now,
Bank Nifty is now all set to move up again and we may see 37500 again by next week,
For safe trading wait for the trend line to break
"if you respect trend lines the market will respect you with good amount of trades"
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