Bank Nifty Hourly 28-02-15

Hi,

Today was the breakout from the channel Bank Nifty was following for the last couple of days. The price movements have been corrective and the correction should be complete near 19800. Although there could be a possibility of a higher rise. I would suggest waiting and only trade on impulse movements.

BankNifty

Resistances – 19138, 19296, 19795

Supports – 19070 , 18737

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