BANKNIFTY is facing strong resistance near the top of the 'Rising Wedge Pattern' around 12830-12850 (level will rise everyday)... and on downside below 12650-12670 it will be weak.
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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