IMPORTANT POINTS FOR TRADING
- Now it is important to close above 11550 for three consecutive days plus weekly close must to rally towards 11750.....11900.
- Today one should keep a watch on Weekly Angi and JBNSAR level i.e. on downside carefully watch Level 11450-11475 zone and on upside 11695 level.
- CONJBNSAR on 26th oct triggered a sell signal @11500. Today one has to keep a filter of 0.6% on today's CONJBNSAR to give a survival chance hence, stop and reverse point for today is 11577.
- In above chart,RSI is still facing a mid point crises.
- In daily chart Banknifty has made inverse head and shoulder pattern and also broken the neck line which gives target of 12500 in medium term.
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