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BANKNIFTY VIEW FOR 16TH JULY 2012


IMPORTANT POINTS FOR TRADING
  • Banknifty is highly overbought.
  • Now banknifty is having a hurdle from 10670 to 10735 zone.
  • On downside immediate support comes around 10500 and below that 10407.
  • More weakness in banknifty will be only below 10407.

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