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BANKNIFTY VIEW FOR 12TH JUNE 2012

(Daily Chart)

IMPORTANT POINTS FOR TRADING

  • Banknifty is trading within a flag pattern and triangle pattern. It is just consolidating and yet to break from the pattern.
  • Yesterday Banknifty resisted near daily & weekly channel top around 10150 and below daily agni level 10109 it has slipped upto 9934.
  • Daily and hourly Chart is overbought and might give some pull back.
  • It has multiple daily and weekly support in 9800-9900 zone.
  • Above channel top banknifty can move upto 10650-700 zone.

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