(DAILY CHART)
IMPORTANT POINTS FOR TRADING
- As indicated earlier about the hammer candlestick pattern near the support line of channel and triangle, Banknifty has taken a U-turn after giving confirmations (refer post of 17th /18th and 21st May for candlestick analysis).
- Very much trading in downward channel and traingle pattern.
- Today above 9480 upside resistance are 9540 and thereafter will rally upto 9665
- Downside supports are 9250 and below that 9137.
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