IMPORTANT POINTS FOR TRADING
- Banknifty took the support near weekly JBNSAR 12315 and may revisit the resistance zone of 12540-12590.
- MACD & stochastic also crossed down and suggest 'Sell on Rise'.
- On downside immediate support comes around 12400-12450. And below that 12300.
- On upside immediate resistance will be around 12590 and above that 12690.
- Today is Dec'2012 Expiry, trade with caution.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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