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Showing posts from July 1, 2012

INTELLIGENCE

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BANKNIFTY VIEW FOR 6TH JULY 2012

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(Daily Chart) Banknifty is uptrending and overbought. Immediate resistance is 10675 and above that 10775 . It will be weak only below 10500-480 zone.
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BANKNIFTY VIEW FOR 5TH JULY 2012

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(Daily Chart) Banknifty is uptrending and has immediate resistance at 10620 and thereafter 10740 and on downside it has support around 10390-440 zone. 
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UPDATE

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Today banknifty is having a stiff resistance zone between 10557-620 and staying below Daily Agni level @10557 will bring some weakness and it may fall upto 10309
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TECHNICAL VIEW ON BANKNIFTY FOR 3rd JULY 2012

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(Daily Chart) TECHNICAL VIEW ON BANKNIFTY Last week end banknifty has given a strong breakout from the pattern. Banknifty closed above Daily Agni and JBNSAR level and now it will move towards weekly Agni level i.e. 10620. Banknifty has support @10193 and below that 10110.
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