IMPORTANT POINTS FOR TRADING
- Banknifty is in downtrend after breaking down the rising wedge pattern in both day and week time frame.
- It is highly oversold in daily chart and and likely to reverse if it holds major support of 11185-11250 zone.
- On upside Banknifty immediate resistance is around 11610 and on downside immediate support is 11420.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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