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BANKNIFTY VIEW FOR 11TH JUNE 2012

(Daily Chart)

IMPORTANT POINTS FOR TRADING

  • Banknifty is trading very much in a Flag pattern and Triangle pattern.
  • Banknifty closed last week with a strong recovery whereas Daily and hourly chart is overbought.
  • It is trading near the daily channel top around 10080 and weekly channel top around 10150.
  • Now it has good support in 9800-9900 zone.

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