Nifty Bank Index
Long

38500- 38800 zone may act support

38
BankNifty — Last friday there was a gap up but index failed to hold at these level and we saw a selloff from these levels.

Situation 1- After gapdown index may take support @ 38800 level and bounce towards 39550.

Situation 2- If index failed to hold above 38500 then further correction possible.

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