Bank Nifty Trading Tips for Monday

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Banks may be under pressure due to likely rising interest rate in forthcoming RBI meet.

BankNifty Spot View For: 26/09/2022
Cmp: 39546.25
Support & Downside Range: 38880—38780—38514--38245
Resistance & Upside Range:  39200--39465—39885
Short Term Trend Reversal Level: -- 41840.15

Trading View: In today's gap down market key level to watch is 38880 spot levels if 38880 gets hold after gap down then we may see bounce towards minimum 39200 and max 39465 levels whereas if 38880 gets break and sustain below it for 15-30 mins then we may see more intraday selling till minimum 38780 to 38514 zone and max 38245 levels.

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