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Closing Summary of 3rd Feb. 2012

Today bank nifty has closed @10133.65 with a strong note. It has broken not only daily & weekly channel but also all major emas of day and week. Bank nifty has been giving higher weekly close from last 5 weeks.


Today bank nifty made low of 9928 thus, today's agni level @ 9923 has provided support & than it rallied upto 10158.95.(given gain of  200+ points).

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Note:
 1. Go Long once banknifty crosses Agni level from downside.
      Short when banknifty breaks agni level from upside.


 2. Take entry at 3-5 points above/below agni level for Long/short
      respectively.
  
(**** WITH TIGHT STOP LOSS OF 40-50 POINTS MAX.****)

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