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BANKNIFTY VIEW FOR 7TH JUNE 2013

(BANKNIFTY DAILY CHART)

Banknifty is oversold in daily time frame and hence got bounce off from the support zone of 12115-12180. Here, part booking is advisable. Our Weekly JBNSAR given sell signal @12820 on 30th may 2013.

Now It may trade in a range of  12180 to 12580. More panic will follow only below 12100-12120.

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