Bank Nifty Daily Review 18th Feb

Today was more of a consolidation rather than any new developments.

Lets start with the chart of Bank Nifty

banknifty

The rally seen from 9th February hasn’t been able to cross the 50% retracement level. If the price falls below the support 19127 then we could see another fall for Bank Nifty as shown in the red rectangle and prices could go down atleast towards the 100% retracement of this rally and look to go further down.

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