IMPORTANT POINTS FOR TRADING
- Banknifty after breaking falling wedge decisively on upside , was on fire.
- It seems it is making flag pattern within the channel. Today banknifty below 12400 will be weak and will be strong above 12640-12700.
- Banknifty is range bound 12100-12200 to 12600-12700 ahead of RBI policy which is due on 3rd May.
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