FREE WEEKLY BANKNIFTY FORECAST REPORT – FROM 11-06-12 TO 15-06-12 – WWW.MARKETCALLS.NET

This week market may remain highly volatile and may end negative

Last week Banknifty rose 731 points and closed at 9939. Last week banknifty started with -ve bias then middle of the week bulls were showing their strength. Almost all the banknifty’s bank gave good support to banknift. So banknifty closed above last 5 week’s high. Technically this is called reversal on chart and we hope in next week nifty may close above 10361. If banknifty close above 10361 then if may touch 11000 and more in coming weeks.

BANKNIFTY STOCKS AS PER 08-06-2012, FRIDAY CLOSING DATA

Symbol	LTP	Chng	% Chng	52w H	52w L	365 d
						% chng
BANK NIFTY	9,998.85	47.95	0.48	11,451.25	7,766.35	-7.34
INDUSINDBK	328.5	12.15	3.84	370	222.15	25.02
PNB	786.5	20.35	2.66	1,202.00	703.5	-28.07
UNIONBANK	211.75	5.05	2.44	326.3	155.45	-34.2
YESBANK	346.1	7.95	2.35	388.7	230.5	15.23
KOTAKBANK	576.2	10.9	1.93	602.75	411	29.4
BANKINDIA	355	6	1.72	434.8	261	-16.16
CANBK	422.1	6.1	1.47	566	341.3	-20.72
SBIN	2,190.20	22.25	1.03	2,529.70	1,571.10	-4.56
BANKBARODA	726	5.95	0.83	948.45	615	-16.35
HDFCBANK	539.8	2	0.37	2,583.30	400.25	14.6
ICICIBANK	830.35	0.3	0.04	1,111.80	641	-20.85
AXISBANK	1,055.00	-2.1	-0.2	1,367.55	784	-14.14

• 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

WEEKLY BANKNIFTY SUPPORT 9840-9724 AND RESISTANCE 10141-10361

BANKNIFTY FUT. (9212)Buy above 9410 Target 9519-9594-9716
Sell below 9160 Target 9114-9025-8925

-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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