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Banknifty Heading downwards. Key crucial support 42750. Next target 42000-41700.

 Banknifty broken key support and trading just above crucial support 42750.

Break below this support means , more pain ahead in Banknifty.

Next support zone 42000-41700.

Resistance remains at 43200.43300.

Its putting pressure on Nifty too.

As far as possible, exit from long positions in Banking stocks.

Regards,

Suryadev Bandari

Research Analyst



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