IMPORTANT POINTS FOR TRADING
- In daily chart , inverse head and shoulder pattern is developing.
- At present banknifty is trading in a triangle pattern with the range of 10350-10500.. breaking either side of it will decide the future trend.
- Above 10500 next resistance comes around 10551 and sustaining above which it can rally upto 10640.
- On downside it has good support around 10310-10350.
- Banknifty will be weak below 10308 and can slide upto 10190-10205.
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