Banknifty is downtrending. Now on downside it is having one strong support of 10730 and upside immediate resistance will be 11130 and than strong resistance zone of 11305--11430.
Our Weekly JBNSAR system given Sell signal below @11525 on 16th july 2013 (open gap down @ 11459). Part booking is advised near 11000 and balance shall be held till it reversed.
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