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BANKNIFTY VIEW FOR 20TH MAY 2012

(Banknifty weekly chart)

This week Banknifty above 12755 will be strong and try to move towards 13500-13640 level. 

Banknifty is highly overbought in day time frame and may see some profit booking near 13385 or 13500 level. It is having support near 13000-13055 level.

For long term view one may go to below post dated 2nd Dec 2012:

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