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BANKNIFTY VIEW FOR 18TH JULY 2012

(Daily Chart)

IMPORTANT POINTS FOR TRADING
  • Banknifty is in corrective mode and MACD also turned down.
  • Today banknifty is having hurdle at 10585 and above that next hurdle comes around 10690-710 zone.
  • Below 10510 level it can slip upto 10440-----10407 zone.
  • More weakness can be seen only below weekly JBNSAR level of 10407.

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