Nifty Bank Index

#Banknifty Directions and Levels for December 23

87
Bank Nifty
Current view:
> If the market opens with a gap-up, structurally we could see a long rally that may reach a minimum of 59,545 to 59,651.

Alternate view:
> If the gap-up does not sustain and declines, we can expect a 23% to 38% retracement in the current swing. Structurally, it may fail to break. However, if it breaks, we could expect a range-bound market

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