(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.
- Staying below weekly JBNSAR /agni level of 12650 /12708 will be weak only and may fall upto 12350 initially and breaking of which will take to 12150
- Banknifty will have strength above 12750-12790.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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