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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