Major Asian markets except for China closed in deep red. Bank Nifty ended the day at 38,276 down by 246 points or 1.40%. From there, it consolidated in a tight 140 pts range. After the initial fall, the index took support blow 38,000. NIFTY couldn’t break the 17,350-400 resistance zone and closed the day at 17,312, down by 246 points or 1.40%.īANK NIFTY started the day at 38,111 with a gap-down of 875 points. Today, Nifty took support at 17,165 just after the opening and bounced back. On August 4, the index fell nearly 2% from the day high and amazing buying was seen at 17,160 levels. NIFTY opened the day at 17,188 with a huge gap-down of 370 points.
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