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TECHNICAL VIEW ON BANKNIFTY FOR 29TH JUNE 2012


TECHNICAL ANALYSIS OF BANKNIFTY
  • Banknifty has given a breakout from the channel but still not given a decisive rally.
  • It has become a range bound and yesterday too it traded in very narrow range. 
  • Today on upper side resistance is 10140-150 and on downside support is 9950.
  • Stochastic is showing a negative divergence in above chart and RSI has paused at middle point.

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