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BANKNIFTY VIEW FOR 12TH OCT 2012


IMPORTANT POINTS FOR TRADING
  • Now above 11420 it can rally upto 11550 and than next hurdle will be 11710.
  • And on downside below 11380 it has a three important support that is Banknifty previous top / high of the year 11226 than channel support 11170 and than neckline of inverse head and shoulder pattern 11125.
  • Now CONJBNSAR is 11474 for 12th oct 2012. If it triggers than buy signal will be generated.
  • In daily chart Banknifty has made inverse head and shoulder pattern and also broken the neck line which gives target of 12500 in medium term.
NOTE: Banking stock recommendations based on Pair Trading strategy started under tab 'Banking stocks'... Plz observe it for sometime..

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