IMPORTANT POINTS FOR TRADING
- Banknifty broke out from flag channel. but yet MACD has not given a positive signal. ADX is also not showing any strong trend.
- On downside banknifty is having a good support around 11390-11450 zone.
- On upside immediate resistance will be around 11720 and thereafter strong resistance around 11875.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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