IMPORTANT POINTS FOR TRADING
- Banknifty has formed the flag pattern in daily time frame after coming back into the channel. Its support and resistance comes around 12350 and 12850 respectively.
- Above weekly agni level of 12810 and flag resistance of 12850, banknifty will be strong to move towards 13000+ level.
- It will be weak only below weekly JBNSAR level of 12160. (Weekly JBNSAR given Long signal @11371)
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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