Daily Chart
Bearishness ruled as indicated by the hanging man. The Bank Nifty formed a bearish engulfing pattern which is a bearish pattern too. However, a higher high and higher low was formed.Negative divergences continue on the daily charts.The range established since the beginning of this month needs to break for any trend to emerge.
Supports and resistances marked on the chart.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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