Bank Nifty Outlook - 11385 - Angel Broking

The Bank Nifty too opened marginally higher in line with the Benchmark index. Throughout the session, the banking index too traded in the narrow range and finally closed on a flat note. Since there is no major change in chart structure, we continue to reiterate our view that, if the Bank Nifty sustains below yesterday's low of 11316, then a further decline towards 11200 - 11074 can be expected. On the upside, 11552 - 11622 levels are immediate resistance levels for the banking index in coming trading sessions.

Source : Equity Bulls

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