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BANKNIFTY TECHNICAL VIEW FOR 28TH JUNE 2012

(Daily chart)

TECHNICAL ANALYSIS OF BANKNIFTY
  • Banknifty after a breakout from the channel trading  in a small triangle pattern and resistance line of which comes around 10150-160 and support comes around 9920. Breaking either of which will decide short term trend for banknifty.
  • Stochastic is giving a negative divergence in a above chart but let it be confirm by price action also.

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