IMPORTANT POINTS FOR TRADING
- Banknifty is overbought and flag pattern is developing in daily chart. It is consolidating.
- MACD yet not given any sell signal.
- It has to sustain above daily agni and JBNSAR level of 12300-12325 for further upmove..
- On downside immediate support is 12170-12200 zone.
- On upside immediate resistance will be around 12450 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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