Bank Nifty close tad above breakout level,EOD Analysis

Bank Nifty again today made high of 17940 forming multiple tops in range of 17940-17954  respecting our Weekly Chopad level of 17950 after giving breakout above 17850 failed to move above Friday high of 17947 made a high in opening at 17954 and came down, suggesting  no follow up move was seen. Today move can be seen as consolidation after big rise seen on Friday, It will be termed as failed

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