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Banknifty Weekly Update : If Holds 10700-10800zone than will zoom to 11000-11200

(BANKNIFTY WEEKLY CHART)

Banknifty has given a breakout from the Falling Wedge patten and MACD has given positive crossover.

On upside banknifty is having resistance near 10825 and above that 11000-11200 zone. and on downside it is having support around 10250-10350 zone.

On 17th Oct 2013, our JBNSAR given Short signal @10350... one lot booked on same day near 10280-10290 zone (70 points gain) and in 2nd lot stop loss hit @10420 and exited (70 points loss) on 18th oct 2013.

On 18th Oct 2013, Banknifty buy @10420... one lot booked on same day near 10700 (280+ point gain)  and 2nd lot on hold. 

Thus, In October month (till date) we have already booked gain of 972 pointsssssssssss with our JBNSAR technique!!!!!!!!!!!

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