IMPORTANT POINTS FOR TRADING
- Banknifty is in downtrend after breaking down the rising wedge pattern in both day and week time frame.
- On upside Banknifty has resistance around 12225 and on downside has support around 12000-12050 zone. below this level it can slide upto 11900 and 11750 in panic.
- For weekly analysis click on following link: http://justbanknifty.blogspot.in/2013/02/banknifty-weekly-analysis.html
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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