Skip to main content

Posts

Showing posts from May 20, 2012

BANKNIFTY VIEW FOR 25TH MAY 2012

(DAILY CHART) Yesterday banknifty took the support near 9300-9350 zone i.e. daily JBNSAR and Agni level and given a rally upto  9463.70. Today upside resistance are  9540 and after that 9665   where as downside supports are  9250  and below that  9137

BANKNIFTY VIEW FOR 24TH MAY 2012

(Daily Chart) Yesterday banknifty resisted near Daily JBNSAR and Agni level i.e. 9287-9322 zone and taken a support near weekly agni level @9137. Today upside resistance are 9300-9350 zone above that 9540 is a hurdle and downside supports are 9200 and below that 9070-80 zone

BANKNIFTY VIEW FOR 23RD MAY 2012

(Daily Chart) IMPORTANT POINTS FOR TODAY'S TRADING Yesterday banknifty has resisted near 9540 and taken a support near 9250-60 zone It is trading within a downward channel and triangle. Downside supports are  9137 and 9080 . Today above 9322 upside resistance are 9540 and there after 9665.

BANKNIFTY VIEW FOR 22ND MAY 2012

(DAILY CHART) IMPORTANT POINTS FOR TRADING As indicated earlier about the hammer candlestick pattern near the support line of channel and triangle, Banknifty has taken a U-turn after giving confirmations ( refer post of 17th /18th and 21st May for candlestick analysis ). Very much trading in downward channel and traingle pattern. Today above 9480 upside resistance are 9540 and thereafter will rally upto 9665 Downside supports are 9250 and below that 9137.

BANKNIFTY VIEW FOR 21ST MAY 2012

(Daily Chart) IMPORTANT POINTS FOR TRADING:

Advertisement