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BANKNIFTY VIEW FOR 20TH JULY 2012

(Daily Chart)

IMPORTANT POINTS FOR TRADING
  • Yesterday Banknifty opened gap up but given up all the gain at the end of the day.
  • Now it has to break either side of 10498 or 10708.60
  • Banknifty is having a hurdle around 10677-720 zone and above that will move towards weekly Agni level @10834
  • On downside it has support around 10544 .
  • More weakness can be seen only below weekly JBNSAR level of 10407.

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