IMPORTANT POINTS TO T RADE
- Banknifty is trading above the channel but it has not given a decisive move there after. It has just given 100-200 points rally above channel after a breakout.
- Now banknifty has immediate resistance at 10085-100 and thereafter weekly Agni level @ 10172.
- On downside it has support near 9840 and will be weak only below that.
- Stochastic is giving a negative divergence in above chart and now let it be confirm by price action also.
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