IMPORTANT POINTS FOR TRADING
- 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.
- Now immediate resistance will be 11480-11505 zone.
- On downside it has a support around 11240-11265 zone.
- Banknifty is highly overbought in daily chart and shown weakness in trend after friday freak transaction and now it is in 'sell on rise' mode.
- Now CONJBNSAR is 11492 for 9th oct 2012.
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