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BANKNIFTY SUMMARY FOR 21ST MARCH 2012

Today Banknifty closed with 2.36% gain. All banks closed in green. Highest gainer of the day was Axis bank with 4.66% gain.

Today Daily Agni/JBNSAR was 10096/10364.20 & Weekly Agni/JBNSAR was 10388/10463.50. Hence today given buy signal when it crossed  Daily JBNSAR and Weekly Agni level i.e. 10364.20 to 10388 zone.

Banknifty closed above Daily and weekly Agni and JBNSAR hence expect some more upmove. weakness will be only below 10345.

During the day also updated about Flag pattern in banknifty daily chart and its resistance are 10700-800 zone

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