As US bank are performing worse since the '08. . . There can be very much possible it can affect indian markets too. . . First there is a Bearish Divergence on Weekly timeframe between RSI and BANKNIFTY Price. . . With the help of Fixed Range volume profile there is much trading happened at the level of 35000 rupees. . . Fib Retracement level of 38.2 is around 34000. . . Anchored VWAP Which is genrally calculated from last crash in market which was '20 Crash is showing support around 32300. . . According to Theory of Mean reversion 200 EMA on weekly time frame is at 34300 and on 1Day it is at 40600. . . BankNifty is one of the main force which is the reason for the rally in NIFTY .
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