IMPORTANT POINTS FOR TRADING
- In daily chart Banknifty has made one big 'Inverted Cup and Handle Pattern' (shown in pink dotted lines) which is a 'bearish pattern' if it breaks the line joining the left and right rim of cup. It is interesting to watch whether it breaks the joining lines of rim or not.
- Now once again banknifty entering in resistance zone of 12035-12060 above that 12115----12240.
- On downside immediate support is 11950-11970 zone.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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