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20TH JULY BANK NIFTY TRADE SETUP

NSE:BANKNIFTY   Nifty Bank Index
Bank nifty is following a trend. Support and resistance lines are drawn, place targets and stop loss accordingly. This week bank nifty formed a hanging man candlestick pattern which is a reversal pattern so look out for it, on monday and tuesday nifty looked weak but on thursday and friday it made a strong come back at 22900 level.

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