NIFTY & NIFTY Futures are demonstrating the failed pennant pattern like some of its heavyweight constituent.
But one needs to be careful, Sensex has still to give a breakout from similar pattern. However, if sensex closes above yesterday's high today, it will confirm the breakout.
Further, resistence may be expected around 13000 level being both a psychological level as well as values of 20DMA & 20EMA.
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