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Banknifty view for 3rd Oct 2012



IMPORTANT POINTS FOR TRADING
  • Banknifty is finding difficulty in crossing the hurdle of 11550  and if sustains above 11550 than it can rally upto 11750.
  • on downside it has a support around 11320 below which it will be weak.
  • Banknifty is highly overbought in daily chart but no weakness in trend.
  • Now CONJBNSAR is 11306 for 3rd oct 2012  and if banknifty breaks the same than short siganal will be generated. 

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