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CLOSING UPDATE 16TH JAN 2013


BANKNIFTY : Banknifty yesterday tested the top of the wedge pattern around 12920 and we had taken the risk of shorting @12860 spot with stop loss of 12920  and today again shorted  around 12780 spot with` stop loss of 12835.. One lot is booked with gain of 80 points and 2nd lot is holding with gain of 140 points as it went below all Agni /JBNSAR / CONJBNSAR LEVELS..

Status : HOLD 2nd lot of Banknifty future Short.

Pair Trade Call : Today we booked profit in Axisbank and kotak bank around Rs.6000/-  

StatusHOLD ALBK AND VIJAYA BANK PAIR , AXISBANK AND KOTAKBANK PAIR.

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