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BANKNIFTY VIEW FOR 28TH DEC 2012

IMPORTANT POINTS FOR TRADING
  • Banknifty has made 4th Flag Pattern inside a rising wedge. It is in a consolidation mode with the range of 12200 - 12600.
  • MACD crossed down and suggest 'Sell on Rise'.
  • On upside immediate resistance will be around 12550-12600 zone and above that 12690.
  • On downside immediate support comes around 12350-12390. And below 12350 it may slid upto 12250 in panic.
  • On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

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