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'.It has broken the joining lines of rim yesterday and which targets downfall till 11050-11100.
- It has also broken down Weekly Rising channel support around 11350-11400...and if week also close below this level than overall trend will reverse to downward.
- Now immediate resistance for banknifty is 11350-11450 zone. and support around 11185 below which it will fall upto 11050
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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