IMPORTANT POINTS FOR TRADING
- Banknifty has broken down from triangle pattern of 300+ points may target 10100-10000 and yesterday made a low of 9998.10.
- Banknifty closed below 100 DEMA & 200DEMA.
- Now major support comes around 9980 and breaking of which will take to 9795.
- On upside resistance comes around 10180.
- Banknifty will be weak if it stays below weekly agni level and JBNSAR 10342-10357.
- Banknifty is in oversold position in Daily and hourly chart and also expecting high volatility today because of august expiry.
NOTE: VERY SOON INCORPORATE A STRATEGY FOR CONSERVATIVE TRADE FOR THE ONE WHO DONT WANT TO TRADE INTRADAY BUT TO HOLD FOR A SHORT PERIOD.
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