March 7, 2020

BANNIFTY technicals

- trend is down on daily charts
- this week, banknifty closed 5% in negative
- support zone 26500-27000

- on Friday, there was a big gap down opening but the first bar low never broke in the day
- close was near the highs of the day

- gap up opening above 28000 can lead to technical pullback

15 min charts:

Daily charts:

Weekly charts:

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