(DAILY CHART)
In Daily chart Banknifty has made a Flag Pattern. It is in a consolidation mode and finding stiff Resistance near 10500-600 zone. On downside Supports are 55EMA @10189, 100EMA @9996 and 200EMA @9977.65
(MONTHLY CHART)
In Monthly Chart Banknifty is continuously facing resistance of two upper channels.. one for making new high and other for closing above it. For this month first channels resistance comes around 10420 and other at 10950.
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