IMPORTANT POINTS FOR TRADING
- Banknifty closed below 100 DEMA & 200DEMA.
- Now major support comes around 9900 and breaking of which will take to 9795.
- On upside major resistance comes around 10150 where as immediate resistance is 10060-10080 which comprise of R1,200DEMA and 7DEMA.
- Banknifty is weak as long as it stays below weekly agni level and JBNSAR 10208-10276.
- Banknifty is highly oversold in Daily chart.
NOTE: VERY SOON INCORPORATE A STRATEGY FOR CONSERVATIVE TRADE FOR THE ONE WHO DONT WANT TO TRADE INTRADAY BUT TO HOLD FOR A SHORT PERIOD.
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