FREE WEEKLY BANKNIFTY FORECAST REPORT – FROM 14-5-12 TO 18-5-12 – WWW.MARKETCALLS.NET

This week market will decide its further trend, Inflation and Q4 earnings on focus

Last week Banknifty lost -414 points or say lost 4.22% and closed at 9379.35. Last week we saw that banknifty slide down again 414 points and its has break it trend line support towards down side. Now the last hope for banknifty at 9210. If banknifty close below 9210 for two days then it may touch 8675 incoming days.

KEEP STRICT SL IN EVERY TRADE NOW FOR NEW POSITIONS AND KEEP SL IN SYSTEM NOT IN YOUR MIND. BEFORE YOU TRADE ON SYSTEM FIRST DECIDE THE SL AND THEN TRADE.

BANKNIFTY WEEKLY CHART

BANKNIFTY WEEKLY CHART

WEEKLY BANKNIFTY SUPPORT 9210 AND RESISTANCE 9532

BANKNIFTY FUT. (9379)Buy above 9560 Target 9679-9810-9919
Sell below 9190 Target 9086-8896-8675

-Always Remember, put SL in your every trade.
- Weekly Levels are Closing Basis, so follow on closing time.

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Rupesh Yatesh Dalal
Head Research Department

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