IMPORTANT POINTS FOR TRADING
- In daily chart , inverse head and shoulder pattern is developing.
- Banknifty was overbought in hourly chart and as expected got some pull back at the end of the session yesterday.
- In daily chart above there is a mid point crises in RSI indicator whereas MACD is about to give a bullish crossover signal.
- Now banknifty has a resistance band of 10640-10700.
- And on downside it has support at 10475 and below which it can slip upto 10380--10350.
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