(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. 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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