Nifty Bank Index

Daily analysis of Bank Nifty chart for 22nd feb 22

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38500 is acting as a strong resistance for tomorrow. On the other hand 37250 is acting as a support with a trend line acting as a daily dynamic support. If the index breaks this level in daily charts , then a fall is expected. On the safe side buy CE after it breaks 38400 and buy PE when the index falls below 37200. Between this range, keep your positions size to minimum. MARKET WILL BE VOLATILE TOMORROW AS WELL.

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