(Daily chart : To enlarge click on chart)
IMPORTANT POINTS FOR TRADING
- Banknifty has broken the rising wedge pattern in daily time frame and now it is important that week also close by breaking the wedge and than it will be regarded as strong reversal signal.
- It is in 'Sell on Rise' mode.
- Banknifty will face resistance near 12585-12620 zone and support around 12350.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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