Bank Nifty:- The NSE banking Index continues its sharp fall on Friday and closed at 29174.15 down 1039.85 points. The banking index open gaps down and forms an aggressive bearish candle by the day close.
The banking index finds immediate support at the downward trending support line of the declining channel. The break down of this support line may show more downside to the level of 28700-28400. Whereas it has the nearest resistance at 29450-29820 level.
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