From last week end bank nifty is giving continuously bullish signals like:
1. Long lower shedow candle (bullish signal) in weekly chart
2. Triangle break out in daily chart.
3. cup and handle pattern breakout in 10 min intraday chart
Now Banknifty spot has resistance near 11100-200 zone provided it cross 10900 on closing basis
During the day also indicated that bank nifty future has target of 10900-11000 after breakout from cup and handle pattern and today it has given a break out and made high of 11014.75 .
(click on image to enlarge)
(Banknifty Future Intraday chart)
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