IMPORTANT POINTS FOR TRADING
- Banknifty moved up after Stochastic shown some positive diversion in above chart(shown with yellow arrow) and now MACD too given a positive signal.
- Banknifty is having a hurdle near 12235 and after crossing it will move towards 12400.
- On upside Banknifty immediate resistance is around 12235 and than 12400 and on downside immediate support is 12115.
- Banknifty will be weak only if it breaks the weekly Agni/JBNSAR LEVEL. Righ now one can 'Buy on dip'.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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