IMPORTANT POINTS FOR TRADING
- Banknifty has shown its power once it came above two very strong 100DEMA & 200DEMA.
- Above 11045 immediate resistance comes around 11130 and there after 11226.
- on downside it has good support of 10500-10540.
- CONJBNSAR triggered a buy signal at 10075 on 11th sep 2012 and till date given a gain of 900+ points.
- Banknifty is highly overbought in daily chart but no weakness in trend.
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