IMPORTANT POINTS FOR TRADING
- In daily chart , inverse head and shoulder pattern is developing.
- On 3rd August, banknifty has made Long Lower Shedow Candle near the channel support which is interpreted as bullish signal and also confirmed by strong move thereafter.
- Banknifty is overbought in hourly chart hence some pull back is expected soon.
- Today if sustains above 10600-620 than it can move upto 10680---10700 zone.
- And on downside it has support at 10435.
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