This week Manufacturing and services sector data for June 2012 in focus
Last week we saw marketwas stuck in fix range. Banknifty was facing resistance at 10100. and on event of EU summit results at suddenly banknifty opened in gap up and for whole day banknifty sustain above 10300 and closed above 10346. Now banknifty is having support at 10169 and resistance at 10472. If banknifty close above 10472 then it may touch 10800 and more in coming days,
- KEEP SL IN SYSTEM NOT IN YOUR MIND.
- KEEP STRICT SL IN EVERY TRADE AND POSITIONS
- BEFORE YOU TRADE ON SYSTEM FIRST DECIDE THE SL AND THEN TRADE.
BANKNIFTY WEEKLY CHART
BANKNIFTY WEEKLY CHART
WEEKLY BANKNIFTY SUPPORT 10169 AND RESISTANCE 10472
BANKNIFTY FUT. (10346)
Buy above 10490 Target 10582-10674-10789
Sell below 10159 Target 10060-9953-9820
-Always Remember, put SL in your every trade.
– Weekly Levels are Closing Basis, so follow on closing time.
– Weekly Levels are Closing Basis, so follow on closing time.
Rupesh Yatesh Dalal
Head Research Department
Head Research Department
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