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Bank Nifty Prediction for 07 August 2024. Weekly Expiry Analysis
Bank Nifty is below its most important, strongest, and psychological level of 50,000 and currently trading below its 100 DEMA, and if sustains below the 100 DEMA on Wednesday, then we can say that it will enter the Bear Market. But it is likely that the Bank Nifty will trade in green on tomorrow, taking the weekly expiry in the account, and the market is already corrected more than 6.5% from its all time high.
