IMPORTANT POINTS FOR TRADING
- At present banknifty is trading in a triangle pattern 10390-10480 breaking either side of it will decide the future trend.
- Above 10480 next resistance comes around 10530-560 and sustaining above which it can rally upto 10640.
- On downside it has good support around 10340-10385.
- Banknifty will be weak below 10308 and can slide upto 10190-10235.
- In daily chart , inverse head and shoulder pattern is developing.
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