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Banknifty summary for 27th march 2012

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Today Banknifty closed with gain of 1.05% and top gainer of the day was Union bank with 3.72% gain.

Banknifty opened gap up @10171.90 but failed to sustain above Daily Agni level 10188 and made the low of 9967.55. In afternoon it cross Agni level but found resistance near Weekly Agni level of 10257 and fall down upto 10054.

From last 4 week, Banknifty is closing below weekly Agni and JBNSAR level. This is the 5th week important to cross 10257 and to sustain above 10410 for further upmove.

Comments

  1. raju4u27/3/12 22:37

    Sir,Agni level was 10188,but as per your trade diary you are short at 10210...are we not supposed to sell below 10188?

    ReplyDelete
  2. MD28/3/12 08:10

    @raju4u,

    Since Weekly Agni level @10257 and Daily JBNSAR @10259 both
    were nearby created a strong Resistance for the day.

    Hence,Yesterday Resistance Zone was 10188-10257 zone. so Actually I have shorted on the basis of weekly Agni level and going below Daily Agni level was second confirmation on side of short.

    By the time my order executed price came down from 10247 to 10210.

    ReplyDelete
  3. raju4u29/3/12 09:08

    Thanks for taking time to reply....

    ReplyDelete

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