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BANKNIFTY VIEW FOR 30TH APRIL 2012

Today is a crucial  month end hence presenting monthly chart:

In Monthly Chart Banknifty is continuously facing a resistance of two upper channels.. one for making new high and other for closing above it. For this month first channels resistance comes around 10420 and other at 10950

So it is important for banknifty to close a month above this channel resistance for further upmove.

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