My Technical View on BankNifty on 30-Jan-2011. Please click on image to view bigger size
Currently its trading in downtrend and its clearly visible in the above chart. My personal view is to avoid as of now. Either buy near 1000 or above 11200 only. Breaking 11200 will take BankNifty to 12000-12500. Breaking 11200 will also create an Inverted Head and Shoulder.
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