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BANKNIFTY VIEW FOR 12TH JULY 2012

(Daily Chart)

IMPORTANT POINTS FOR TRADING
  • Banknifty is highly overbought and no sign of weakness yet.
  • Banknifty on crossing the hurdle of Daily and weekly Agni level can zoom upto 10900-11000.
  • Now immediate upside resistance is 10760-790 zone and on downside support exist near 10590-600 zone.
  • It will be weak only below 10590.

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