Bank Nifty Weekly Technical Analysis for August derivatives expiry

Bank Nifty Hourly

Bank Nifty on hourly chart  is trading in a perfect down trending channel. close above  of 9846 on hourly basis the relief rally can start else we can going sub 9400 levels.

Bank Nifty Daily

Bank Nifty is trading at multi year low and has broken each and every support on downside.Technical chart have been totally decimated and all relief rallies are getting sold into. Only good news for Bulls...

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