NSE:BANKNIFTY   Nifty Bank Index
BN broke out and razing. Breakout means-- previous high or low is breached. It means strong confidence of the traders that this previous price can be used as a good reference point for further move of price. BN has given two breakouts in recent time.
Often Nifty follows the path of BN. Nifty has to scale approximately 200 more points to give an upside breakout.
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