FREE WEEKLY BANKNIFTY FORECAST REPORT – FROM 18-06-12 TO 22-06-12 – WWW.MARKETCALLS.NET

This week market will react on RBI policy review & Greece elections

Last week we saw market saw very high volatility in the market. On last Friday we saw nifty was rising but banknifty remained neutral. On Monday RBI meet for interest rate decision. If rates reduce then we may see good jump in banknifty as well as in all bank stocks. So, Tomorrow wait till closing time if bank nifty trades above 10370 then take buy entry or remain neutral.

BANKNIFTY STOCKS AS PER 15-06-2012, FRIDAY CLOSING DATA

Symbol	LTP	% Chng	52w H	52w L	365 d
					% chng
BANK NIFTY	10,064.80	2.32	11,451.25	7,766.35	-5.29
PNB	794.00	3.19	1,202.00	703.50	-26.67
ICICIBANK	841.70	2.79	1,111.80	641.00	-18.37
CANBK	422.60	2.41	566.00	341.30	-17.69
HDFCBANK	546.05	2.18	2,583.30	400.25	15.06
KOTAKBANK	580.60	2.18	602.75	411.00	32.21
AXISBANK	1,030.00	1.67	1,367.55	784.00	-15.88
SBIN	2,181.85	1.47	2,529.70	1,571.10	-0.03
BANKBARODA	701.70	1.09	948.45	615.00	-18.59
INDUSINDBK	317.25	0.91	370.00	222.15	22.82
YESBANK	334.15	0.63	388.70	230.50	13.97
BANKINDIA	349.95	0.53	431.85	261.00	-15.57
UNIONBANK	208.95	0.46	325.95	155.45	-34.71

• 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 9910 AND RESISTANCE 10350

BANKNIFTY FUT. (10060)Buy above 10370 Target 10461-10552-10670
Sell below 9899 Target 9818-9720-9656

-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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