BankNifty Targets and view on Daily Charts for week starting from 16 July 2012.
BankNifty has upside resistance at 11250 Levels which was made during Feb 2012 and we saw heaving Profit booking and fresh short building from those levels. Currently BankNifty is trading at 10,617 after touching the 10,800 mark in last couple of days. A rally from here will try to test 11250 levels on the upside and correction from here can drag BankNifty to 9500 levels in coming time.
Another Look At BankNifty daily chart showing resistance levels near 10,800 levels. A rally or a fall is possible after this level is breached on either side.
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