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BANKNIFTY VIEW FOR 26TH FEB 2013


IMPORTANT POINTS FOR TRADING
  • Banknifty is in downtrend after breaking down the rising wedge pattern in both day and week time frame.
  • On upside Banknifty immediate resistance is around 12135 and on downside support around 12000-12050 zone. below this level it can slide upto 11900 and 11750 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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