BANKNIFTY is trading near the top of the 'Rising Wedge Pattern' around 12780 (level will rise everyday)...Today daily Agni level is @12735 and Weekly Agni Level @12815.
Today keep a watch on 12735 and 12815 level. Above these levels it will have strength to move towards 13000.
On downside it has made good support around 12550-12600
Be cautious on higher levels as it is trading in a 'Rising Wedge Pattern' which is termed as reversal pattern in uptrend only when it breaks the wedge otherwise it may continue its uptrend within the wedge..
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