(Weekly chart)
Banknifty is trading in Rising Wedge Pattern and it is in uptrend till it breaks the support line of wedge pattern. Wedge resistance is around 12160-12200 zone and support around 11180-11050 zone.
It has shown good strength above 100WMA and 200DMA. Trend is up and there is no weakness so far..!!
For December month (till date) we booked gain of 549 points.
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