IMPORTANT POINTS FOR TRADING
- Banknifty has broken down from triangle pattern of 300+ points may target 10100-10000.
- Now 10420-450 will act as strong resistance.
- On downside support comes around 10228.
- Banknifty will be weak if it stays below weekly agni level and JBNSAR 10342-10357.
- Now one can apply sell on rise strategy.
- In daily chart , inverse head and shoulder pattern is developing.
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