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OUTLOOK OF BANKNIFTY FOR 15TH FEB 2012

Today banknifty was up by 3.54% with gain of 374 points and top gainer was Axisbank with 7.11% up.

Banknifty today open gap up @ 10633.65 near today's agni level of 10628. and went upto 10959.50.

Even during the day indicated a cup and handle pattern breakout in banknifty and achieved its target.

Now banknifty is very much near to its stiff resistance zone around 11000-11200.

Be cautious on above level as its already in overbought zone.  

Comments

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  3. Nifty is increasing day by day as the market is growing rapidly.

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