IMPORTANT POINTS FOR TRADING
- Banknifty is overbought in daily chart and hence it is cooling off as long as it stays above 12300 further upmove towards 12500-12700 zone is possible.
- On downside immediate support is 12330-12380 zone and below that 12200 is another good support for banknifty.
- On upside immediate resistance will be around 12444 and above that strong hurdle of 12540-12580.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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