Buy BANKNIFTY above 12058.55, target 12561.65 and Stoploss 11555.45

March 21st: Since the start of the week, BankNifty fall drastically. This is due to recent RBI decision. Bank nifty may have further fall. It may take some time to reach this price level.

BANKNIFTY price action indicates that there is a resistance at 12058.55. A breakout at this level may indicate a price hike. 

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