This is my answer after completing very large project with lots of ViewModels in single view.
Html View
    <!DOCTYPE html>
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <title></title>
</head>
<body>
    <div id="container1">
        <ul>
            <li >Container1 item</li>
            <!-- ko foreach: myItems -->
            <li>Item <span data-bind="text: $data"></span></li>
            <!-- /ko -->
        </ul>
    </div>
    <div id="container2">
        <ul>
            <li >Container2 item</li>
            <!-- ko foreach: myItems -->
                <li>Item <span data-bind="text: $data"></span></li>
            <!-- /ko -->
        </ul>
    </div>
    <script src="js/jquery-1.11.1.js"></script>
    <script src="js/knockout-3.0.0.js"></script>
    <script src="js/DataFunction.js"></script>
    <script src="js/Container1ViewModel.js"></script>
    <script src="js/Container2ViewModel.js"></script>
</body>
</html>
For this view I'm creating 2 view models for id=container1 and id=container2 in two separate javascript files.
Container1ViewModel.js
function Container1ViewModel()
{
    var self = this;
    self.myItems = ko.observableArray();
    self.myItems.push("ABC");
    self.myItems.push("CDE");
} 
Container2ViewModel.js
function Container2ViewModel() {
    var self = this;
    self.myItems = ko.observableArray();
    self.myItems.push("XYZ");
    self.myItems.push("PQR");
}
Then after these 2 viewmodels are registering as separate viewmodels in DataFunction.js
var container1VM;
var container2VM;
$(document).ready(function() {
    if ($.isEmptyObject(container1VM)) {
        container1VM = new Container1ViewModel();
        ko.applyBindings(container1VM, document.getElementById("container1"));
    }
    if ($.isEmptyObject(container2VM)) {
        container2VM = new Container2ViewModel();
        ko.applyBindings(container2VM, document.getElementById("container2"));
    }
});
Like this you can add any number of viewmodels for separate divs. But make sure do not create separate view model for a div inside registered div.