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Index Levels
NIFTY
Nifty on hourly time frame, the price is compressing and formed a symmetrical triangle pattern. Breaking the important resistance or support zone can give a good rally. Levels are marked on the chart.
BANKNIFTY
Banknifty is still within the budget rally range, price also compressing tightly within the no trade zones. Any news can trigger the breakout or breakdown and can give a very good rally. But as along as within the budget rally zone one has to be very careful while placing the orders and SL must be on the system instead of mind.
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