IMPORTANT POINTS FOR TRADING
- One can see Flag pattern inside Rising Wedge Pattern. Hence, it may be possible that banknifty may continue its uptrend inside the wedge. In wedge pattern one may trade with its support and resistance line which is shown with red line in above chart.Rising wedge resistance comes around 12600-12615.
- MACD yet not given any sell signal.
- On downside immediate support comes around 12380-12400 and below that 12250.
- On upside immediate resistance will be around 12570-12620.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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