IMPORTANT POINTS FOR TRADING
- Banknifty is trading inside the Rising Wedge Pattern and it has resisted near the top of the wedge.
- To read more on 'Rising Wedge Pattern and Weekly Analysis of Banknifty' go to link : http://justbanknifty.blogspot.in/2012/12/banknifty-weekly-analysis-and-rising.html
- MACD has crossed down and suggest 'Sell on Rise'.
- On downside below 12315 support comes around 12150-12200.
- On upside immediate resistance will be around 12440-12470.
- Dec'2012 Expiry is near by , trade with caution.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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