IMPORTANT POINTS FOR TRADING
- Banknifty has made three flag patterns in a ascending triangle but now ascending triangle is getting narrow hence, it might be a strong hurdle for upmove.
- Banknifty has given a breakout from channel of flag pattern. On upside it has resistance near 11750-11830 zone and on downside it has support around 11520-11535 and another support comes around 11430-11450 zone.
- ADX indicator is suggesting no trend hence banknifty might be a range bound.
- CONJBNSAR on 2nd Nov triggered a Buy signal @11440. For today CONJBNSAR is @11460 and if it triggers than sell signal will be generated.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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For the benefit of all readers , 'FAQ on pair trade' is added one can click on FAQ tab just below the bog title 'JUST BANKNIFTY' above or the given following link: http://justbanknifty.blogspot.in/p/faq_8.html
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