The 12600 -700 level seems to be a kind of consolidation and side ways zone.The banknifty falling down to 12500 level now brings fresh selling and the bear may over power...till then it is going to be a real tug-of-war between bulls Vs bears.Today the banknifty high was 12888 whis is all time high and nifty made day high 6317 and the all time high was at 6346 and the break out of this level failed and a steep fall of nifty is a indication of a minor correction may possible.I feel the relief rally in banknifty is a failure.
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