BANKNIFTY chart shows that it has taken good breakout from current levels with smart volumes. We have recommend positional long call on Banknifty for robust up move on Monday and for coming week.
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Showing weakness due to weakness in currency. Hope will be fly again in the second half. Keep strict SL of 27850 levels in spot.
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Due to weakness in rupee, the Banknifty shows weakness as we shown a supply zone in the chart, but it still now above the Breakout levels. Lets wait for tomorrow to final confirmation before taking any further step.