IMPORTANT POINTS FOR TRADING
- Banknifty is overbought in weekly chart where as in daily chart there will be mid point struggle in RSI and Stochastic Indicator. MACD is still in selling mode.
- Now on Upside immediate resistance for Banknifty is 10450-470 zone and above that it can rally max upto 10610.
- On downside it has support around 10315-10340 zone below which it can slip upto 10220.
- For the upmove it is important to sustain above 10470...
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