(Daily Chart)
IMPORTANT POINTS FOR TRADING
- Banknifty is highly overbought and in past also it had resisted around 10650-700 zone.
- Now immediate resistance for banknifty is 10600-630 zone and above that it can move upto 10750-760.
- On downside it has a support around 10490-505 zone and below that another support comes at 10420.
- It will be weak below 10420.
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