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BANKNIFTY VIEW FOR 30TH OCT 2012


IMPORTANT POINTS FOR TRADING
  • Today is event base trading day as monetary policy will be announce by RBI, may see high volatility in market.
  • One should keep a watch on Weekly Angi and JBNSAR level i.e. on downside carefully watch Level 11450-11475 zone and on upside 11695 level.
  • It will be weak only below 11380.
  • CONJBNSAR on 26th oct triggered a sell signal @11500. Today one has to keep a filter of 0.6% on today's CONJBNSAR to give a survival chance hence, stop and reverse point for today is 11595.

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