Day trading guide for Monday

Bank Nifty opened positive and moved in a zig zag fashion throughout the day. Banking stocks moved in a lackluster way and index lacked momentum. It formed a small bodied Bullish candle on daily scale and continues forming lower highs - lower lows from the last four sessions. Now it has to hold above 34750 zones to move up towards 35000 and 35250 zones while on the downside support exists at 34500 and 34250 levels.

via Economictimes

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