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BANKNIFTY VIEW FOR 15TH MAY 2012 & DAILY CHART UPDATE



(Daily chart)

Important points for today's trading:

  • Banknifty is oversold in Daily as well as hourly chart... 
  • It is trading very much near to support line of a channel of a flag pattern and support comes around 9200.
  • Triangle support comes around 9050.
  • Most important weekly 200 EMA comes around 9080
  • So be cautious in shorting in 9050-9250 zone.

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