(Banknifty Weekly Chart)
Banknifty has given a breakout from a triangle pattern (Shown with blue line) and MACD also given a positive cross over in above weekly chart.
After giving a big run up from 9945 to 12300 , it is trading in sideline between 12300-11800.
After giving a big run up from 9945 to 12300 , it is trading in sideline between 12300-11800.
This week on downside important support comes around 11700 and 11500. and on upside immediate resistance will be 12350 and sustaining above this will move to 12500.
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