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We have seen the continues fall in the market in last few days, where is the support levels for Bank Nifty? What should i do Next? These are questions am getting in last few days. So at last Bank Nifty took the support levels and we may see 48500 levels soon in coming days. Let's look in to the latest chart analysis for Bank Nifty today and what are the major levels to consider for Intraday Trading for the day.

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Latest chart analysis for Bank Nifty 21 March 2024

Below given is the latest Chart analysis for Bank Nifty in 4 hour time frame. On this Chart we can see a Rising channel pattern formed.

Latest chart analysis for Bank Nifty 21 March 2024

When we look in the above chart as mentioned above we can understand it is a rising channel pattern formed. In a Rising channel pattern, there may be 2 possible outcomes. First possibility to took the support and Bank Nifty will be going back to 48500 levels. Second possible outcome is that, if the support levels are broken and we can see a further downside in the Bank Nifty.

First possibility to took the support and Bank Nifty will be going back to 48500 levels

Currently Bank Nifty is trading at 46270 levels on 20 March 2024, which is above the support levels. That is a good sign for a upward movement in the coming days. But if Bank Nifty goes below 45800 levels then we can see a further fall in Bank to 45600 levels. Yesterday Bank Nifty starts in positive and fell to 45828 levels to create a new low in Bank Nifty and Recover back to opening levels. But at the end of the market closed with 73 points down.

You may consider buy in Bank Nifty above 46650 levels for the Targets of 47200,48000,48500 levels. You may consider intraday Entries according to opportunities in live market. Please mark those levels in your Trading view chart and get the entry levels in smaller time frame for the better results.

Conclusion

So we have seen the Latest Support levels and Resistance levels for the Bank Nifty in Today's market. Also we have seen the possibilities in Bank Nifty for both Up or down trends in coming days. Mark those levels and wait for the levels to active for the Entry.

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