IMPORTANT POINTS FOR TRADING
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- Banknifty has made 4th Flag Pattern inside a rising wedge. It is in a consolidation mode with the broad range of 12200 - 12600.
- Indicators are not giving clear picture as MACD crossed down and Stochastic turned up. There will be no charm if it trades between 12350 to 12550 range.
- Banknifty will have strength above 12530-12550 and will be weak below 12390.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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