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BANKNIFTY VIEW FOR 6TH SEP 2012



IMPORTANT POINTS FOR TRADING
  • Banknifty closed below two very strong EMA i.e. 100 DEMA & 200DEMA.
  • Banknifty is breaking every contracting triangle patterns one by one and now last one more triangle support comes around 9740 breaking and closing below 9740 will bring deeper correction.
  • On upside immediate resistance  comes around 9950-9980.
  • Banknifty is weak as long as it stays below 100 & 200 DEMA and weekly agni level & JBNSAR  levels 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.

Comments

  1. hi sir, tell me a free source to get historical intraday charts of nifty fno

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