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BANKNIFTY VIEW FOR 7TH NOV 2012



IMPORTANT POINTS FOR TRADING
  • Banknifty is trading in a channel of flag pattern. At present it is near resistance line of channel and it comes around 11580-11590 above that it can move upto 11680-11700 and on downside it is having a support around 11430-11450.
  • CONJBNSAR on 2nd Nov triggered a Buy signal @11440. Yesterday booked one lot with gain of 100 points and Hold second lot till it gives reversal signal. For today CONJBNSAR is @11420 and no need of filter from today.
  • On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. 

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