BANKNIFTY is trading near the top of the 'Rising Wedge Pattern' around 12810 (level will rise everyday)...
Today BANKNIFTY will face strong resistance around 12800-12850 zone and on downside it has a good support around 12600-12650.
Today BANKNIFTY will face strong resistance around 12800-12850 zone and on downside it has a good support around 12600-12650.
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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