Market Trend Lab

(click on chart to enlarge) above BNF weekly chart is posted it shows channel resistance around 9850  and weekly ema 100 @9747 and 55 ema @9816. closely look this level along with agni level in comming week

Gap up opening and made high of 9560... still no weakness. Bank Nifty future next hurdle is 200 days ema @ 9674 and week's 100 ema @9747.

Today Bank Nifty above Agni level 9120 made high of 9212 and closed @ 9199.40 Stay Long with S/L of Agni level for tomorrow 9168 and short only if it fell below agni level.

Today Bank Nifty was down till 2.00pm and after that took support of JBNSAR 8950 and made high of 9060 and closed @9023. Bank Nifty is overbought and cooling off from last two days by ranging in 200 points i.e from 8900 to 9100. Breakout or breakdown from this rang will decide the future direction

Today JBSAR 8950 and Agnilevel 9158. Yesterday it touch 9140 near Agnilevel and fell down indicating close Long. today below 8950 dont remain Long

Today Banknifty above JBNSAR 8900 made high of 9114 and not able to cross Agni level of 9145. However Banknifty Future went close to 100EMA i.e.9140 and fell down upto 9062. BankNifty Closed@9056.7 and future closed @9078.45.

BANKNIFTY FUTURE  made a low of 9075 after touching 9140 level

Bank Nifty Future touched 9140 and fell down to9100

Watch 9140 level in bank nifty future it is 100 day EMA & 9145 agni level will be a hurdle

Today BankBifty JBNSAR 8900 & Agni Level 9145 On 13th Jan Agni level indicated to close Long and yestered JBNSAR 8870 also triggered. But given wipshaw & cosed @8940. As per Tom Demark Projection for Bank Bifty Future: Expected High:9061 Expected Low:8892

Today Bank Nifty below JBNSAR 8870 went upto 8814 given gain of 56 point downward and after 1.30pm above JBNSAR it went upto 8968 given gain of 98 point upward and closed @8940.

Today Bank Nifty JBNSAR 8870 & Agni level 9145 On 13th Jan 2012 Agni level for Bank Nifty was8979 and it closed below it @ 8975. Hence, indicated to close Long. and today JBNSAR 8870 also triggered and if day close below it hold ur short.