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BANKNIFTY VIEW FOR 7TH AUG 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 and confirmed by gap up opening yesterday.
  • Today if sustains above 10425 can move upto 10570---10610.
  • And on downside it has support around 10310-10350 zone.

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