BY A STAFF REPORTER
Nifty Bank rallied 184 points or 0.55% to close at 33811 on Monday.
Gap up opening by 500 points at 34126 but failed to surpass 34150 <20dma> and witnessed profit booking. The pressure was intact at higher zones and closed at 33811.
This was the 3rd consecutive higher closing but it too, formed a bearish candle on the daily frame.
On the upside :- Above 33900 -- 34060/150 initial resistance area & then 34233-34346.
On the down side :- Below 33735 expected lower slabs 33648—33486. Major 33333-33300.
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Source : Eureka
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