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BANKNIFTY VIEW FOR 18TH MARCH 2013


IMPORTANT POINTS FOR TRADING
  • In daily chart Banknifty has made one big 'Inverted Cup and Handle Pattern' (shown in pink dotted lines) which is a 'bearish pattern' if it breaks the line joining the left and right rim of cup. It is interesting to watch whether it breaks the joining lines of rim or not.
  • Banknifty staying below Weekly JBNSAR 11910 will move towards 11585 and breaking of which will create more panic upto 11400 level.
  • On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

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