Half Hourly Chart
Bank Nifty finally broke the resistance at 11657 as per expectations.The target of the flag break would be 12057 with Resistance at 11745-11978.
Half hourly charts show the Bank Nifty resisted at uptrending channel's resistance line.Logically it shoul test the support line which has support at 11564-11729.Flag resistance line is now support at 11577-11570.
Taking things one step at a time we will think of the bearish possibility once the bearish bias sets in.Now it is bull time.
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