Bank Nifty Futures – Last Close – 11575.75 [05-Oct-2012]
• Ending diagonal pattern witnessed.
• Impulse leg has completed and in the progress of correction.
• Negative divergence witnessed on both daily and hourly.
• Index holds the crucial resistance of 11805.
• Overall the Index will slide toward 11411 – 11350 - 11100 levels in short term.
• Sell the Index around 11650 with the stop loss above 11805 [Closing].
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