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Showing posts from January 29, 2012

Closing Summary of 3rd Feb. 2012

Today bank nifty has closed @10133.65 with a strong note. It has broken not only daily & weekly channel but also all major emas of day and week. Bank nifty has been giving higher weekly close from last 5 weeks. Today bank nifty made low of 9928 thus, today's agni level @ 9923 has provided support & than it rallied upto 10158.95.(given gain of  200+ points). =================================================================== Note:  1. Go Long once banknifty crosses Agni level from downside.       Short when banknifty breaks agni level from upside.  2. Take entry at 3-5 points above/below agni level for Long/short       respectively.    (**** WITH TIGHT STOP LOSS OF 40-50 POINTS MAX.****)  ==================================================================

CLOSING NOTE OF 2ND FEB. 2012

Today in the morning bank nifty opened gap up @10012.95 and made high of 10090.(given gain of  200+ points from yesterday agni level of 9884) After 11.00 a.m. bank nifty started sliding down and once today's Agni level 9864 breached it made low of 9776.55 (given gain of 80+ points) 11.45 a.m. bank nifty once again tried and succeeded to cross today's  Agni level and made high near 10,000. (given gain of 100+ points) and closed @9992.05

CLOSING NOTE FOR 1ST FEB 2012

Today Bank nifty open @ 9941.90 and started coming down & once Agni level of 9884 breached it made low upto 9762. (given gain of  100+ points) and in afternoon after 2.00 pm it again crossed Agni level 9884 from downside and made high upto 9967 (given gain of  80+ points) Today BankNifty closed above today's Agni level and JBNSAR so dont remain short.

CLOSING NOTE OF 31TH JAN 2012

Today the Bank nifty  shot up 4% led by rally in ICICI Bank posted result better than expected for Q3. the stock surged nearly 6%, Shares of HDFC  Bank & SBI were up 2.5% & 3.5% respectively. Today  Bank Nifty JBNSAR was 9761 & Agni level was 9953. So above 9761 it went upto 9946.50 (i.e. gain of 150+ points) and got resisted by Agni level and closed @9919.45

UPDATE FOR 31.01.2011

Banknifty made High near 9759 very close to JBNSAR of today & got resisted @ 9761 & now coming down. now Low is 9720 now made low of 9707 (10.52 a.m.) ================================================================= Once it breaked JBNSAR level of today @ 9761 it made high upto @9815 (1.15 p.m.)

CLOSING NOTE OF 30TH JAN 2012

Today Bank Nifty open gap up @9741 & made low of 9509 & closed @9537 It closed just above Week 34ema@9532.91 Agni level given signal to close long and enter a short when it closed below agni level (9893) on 25th jan 2012. and yesterday close well below JBNSAR (9757) which also supported short. Today level to be watch on downside is 9500-9510 and upside 5ema @9629 and 200ema @9668.

Weekly & daily chart of Bank Nifty (27/01/2012)

Important Level of weekly Bank Nifty are:   55ema@9810, 100 ema@ 9741 and weekly channel resistance @ 9850-9870. ================================================================== Important level to watch on daily basis are: 5ema & 200 ema  @ 9675 - 9670

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