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BANKNIFTY VIEW FOR 4TH APRIL 2012

Yesterday (3rd April 2012) Banknifty closed with 1.23% gain. As indicated on 3rd April , Banknifty made exactly high of 10502 after crossing weekly JBNSAR 10351.

Important points for today's trading:

  • Today is the last trading day for this week..Hence, it is important for banknifty to sustain above Weekly JBNSAR 10351 for further upmove. 
  • In Daily chart there is a gap of 54 points (10321.75 to 10376) to be filled. 
  • Banknifty is overbought in hourly chart so below 10320 expect fall upto 10170---10200
  • Banknifty has many resistance in 10500-600 zone. Now fresh buying in banknifty is to be made only above 10600.

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