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BANKNIFTY VIEW FOR 31ST MAY 2012

(Daily Chart)

IMPORTANT POINTS FOR TRADING

  • Banknifty has made an evening star candlestick pattern  which is also a one kind of top reversal pattern.
  • Now below 9490 banknifty can slip upto 9360-9260 zone.
  • Upside strong resistance is a gap of 9640-80 zone and above that next hurdle will be 9780-9800.

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