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Banknifty summary for 28th March 2012


Today Banknifty closed with loss of 1.86% and top gainer of the day was again Union bank with 2.68% gain and top loser was Bank of India with 4.07% loss.

Banknifty found support near 200 DEMA @ 9916 below Daily Agni level of 10027. On 22nd march it was indicated that Banknifty has made bearish engulfing candle and below 10117 it may fall upto 9900.

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.

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