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BANKNIFTY VIEW FOR 4TH OCT 2012



IMPORTANT POINTS FOR TRADING
  • Banknifty is finding difficulty in crossing the hurdle of 11550 from past 7 trading sessions and if sustains above 11550 than it can rally upto 11750.
  • Now immediate resistance will be 11470-11492 zone.
  • on downside it has a support around 11350-11370 zone below which it will be weak.
  • Banknifty is highly overbought in daily chart but no weakness in trend.
  • Now CONJBNSAR is 11340 for 4th oct 2012  and if banknifty breaks the same than short siganal will be generated. 

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