CAPITAL PARAMOUNT UPDATE: NIFTY AND BANK NIFTY

 Nifty has an immediate support at 5,780 levels and resistance at 5,900 levels.

 

The Bank Nifty faces immediate resistance around the 11,380-11,420 levels on the upside as it coincides with the falling window pattern. The index has recently made a lower low formation and has an important support of 11,200 levels. Expect selling pressure to continue at higher levels.

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