Postmortem on Bank Nifty - 11 Jul 2022

BN opened at 35017 rallied decisively through the resistance during the 1st candle itself. There was no immediate pull back indicating a strong upside momentum. There was a slight price action, a minor pullback from 10.30 to 11.45, and BN continued to rally from this interim low. Finally closed at 35442

TradingView Chart


Important S&R points

support1: 35089, support2: 34740

resistance1: 35726, resistance2: 36169


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