(Daily Chart)
In daily time frame banknifty has broken the small triangle and neck line of head and shoulder which gives the target of 11800-11900.
On downside banknifty has support around 12115-12180 zone below which one can see the panic upto channel support around 11900. One should note that banknifty is oversold in daily time frame.
Our weekly JBNSAR has given sell signal around 12820 on 30th May 2013.
For weekly update one can refer following link:
http://justbanknifty.blogspot.in/2013/06/banknifty-weekly-update-back-in.html
Our weekly JBNSAR has given sell signal around 12820 on 30th May 2013.
For weekly update one can refer following link:
http://justbanknifty.blogspot.in/2013/06/banknifty-weekly-update-back-in.html
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