Bank nifty already reversed from the previous high point and current scenario does not give any indication to go long in this sector. It is good to go long in this if it holds the immediate support zone of 40300 levels. If it reverses from the 40300 level, we can expect it to again move till the ALL TIME HIGH point. In case it breaks down, the below levels can be seen very soon.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.