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BANKNIFTY VIEW FOR 6TH AUGUST 2012


IMPORTANT POINTS FOR TRADING
  • In daily chart , inverse head and shoulder pattern is developing.
  • On 3rd August, banknifty has made Long Lower Shedow Candle near the channel support which is interpreted as bullish signal but also requires a follow up confirmation.
  • Today banknifty above 10384 can move upto 10445-475 zone and sustaing above 10475 can rally upto 10555-570 zone.
  • Now on downside it has support around 10270-10310 zone.

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