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BANKNIFTY VIEW FOR 18TH OCT 2012


IMPORTANT POINTS FOR TRADING
  • Banknifty is trading in a broad range of 11250 to 11550.
  • Banknifty is trading in a triangle pattern within the channel.. breakout and breakdown level is 11420 and 11315.
  • CONJBNSAR for 18th oct 2012 is 11425.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.

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