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BANKNIFTY VIEW FOR 14TH JUNE 2012

 (Daily chart : breakout from the pattern)
(Weekly Chart : Resisted near top channel)

IMPORTANT POINTS FOR TRADING

  • Banknifty has given a break out from the flag pattern and triangle pattern in Daily chart but got resisted near weekly channel top.
  • Daily and hourly chart is highly overbought and might give some pull back.
  • Now below 10000 banknifty has good support around 9900.
  • Above channel top banknifty can move upto 10650-700 zone.

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