(Daily Chart)
IMPORTANT POINTS FOR TRADING
IMPORTANT POINTS FOR TRADING
- Banknifty is not able to cross the hurdle at 10450-10470 zone from last 9 trading session and now it has become a stiff resistance being a weekly SAR (10468) and if week closes below it than more weakness can be seen in coming week.
- On downside now it has support around 10310 below which it can slip upto 10220--and below that--10130 also.
- 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.
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