BankNifty is near to strong resistance at 24700.

BankNifty is falling down from last 6 months. Short term trend is clearly down. Recently banknifty violated the support level at 24700. Prices reacting to fall from this level again. This was the level previously holding the prices up. But now index looks weak and there is more room to fall the prices. So plan for shorting opportunities in banknifty.

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Trade stopped out.