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BANKNIFTY RISING WEDGE SUPPORT @12515


(Daily chart : To enlarge click on chart)

IMPORTANT POINTS FOR TRADING
  • Banknifty is in 'Sell on Rise' mode.
  • This week expecting banknifty to remain under pressure (Till RBI policy review on 29th JAN 2013).
  • Yesterday after filling the gap of 12510-12547 banknifty closed at weekly JBNSAR @12635. 
  • Banknifty is trading within a Rising Wedge Pattern.. and its support line comes around 12515.
  • Today immediate resistance will be around 12700.
  • On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

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