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BANKNIFTY VIEW FOR 10TH AUGUST 2012



IMPORTANT POINTS FOR TRADING
  • In daily chart , inverse head and shoulder pattern is developing.
  • In daily chart above there is a mid point crises in RSI indicator whereas  MACD is yet to give a bullish crossover signal.
  • Now banknifty has a resistance around 10595-10610.
  • And on downside it has support around 10380----10350 zone.
  • Banknifty will be weak only below 10350.

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