Market Trend Lab

Today also banknifty in free fall mode upto 10463.40 (till now)  after crossing down  Daily Agni level 10563 and Daily JBNSAR 10589..... there by given a gain of 100+ pointsss....!!! 

(Daily Chart) IMPORTANT POINTS FOR TRADING Yesterday Banknifty opened gap up but given up all the gain at the end of the day. Now it has to break either side of 10498 or 10708.60 Banknifty is having a hurdle around  10677-720 zone  and above that will move towards weekly Agni level  @10834 On downside it has support around  10544 . More weakness can be seen only below weekly JBNSAR level of  10407.

IMPORTANT POINTS FOR TRADING Yesterday Banknifty bounced from channel support. Today banknifty is having hurdle around  10677-720 zone  and above that will move towards weekly Agni level @10834 On downside it has support in  10500-10544 zone. More weakness can be seen only below weekly JBNSAR level of  10407.

Today Banknifty took the support near Daily Agni level of 10510.. ... and than also crossed Daily JBNSAR level of 10585. .... made high of 10629.15.. ......there by given a gain of 100+ points. ...!!!!!!! keep smiling...

(Daily Chart) IMPORTANT POINTS FOR TRADING Banknifty is in corrective mode and MACD also turned down. Today banknifty is having hurdle at 10585 and above that next hurdle comes around  10690-710 zone . Below  10510  level it can slip upto 10440-----10407 zone. More weakness can be seen only below weekly JBNSAR level of  10407.

Today again Banknifty found difficulty in sustaining above Daily JBNSAR level @10624 and Agni Level @ 10580 and slipped upto 10518.95 ......... there by given a gain of 100 pointsssssssss....

(Daily Chart) IMPORTANT POINTS FOR TRADING Banknifty is highly overbought and MACD yet to give sell signal. Today banknifty is having hurdle from 10580 to 10625 and above that next hurdle comes at 10715 . Today below 10544 next support comes around 10407-440 zone. More weakness can be seen only below weekly JBNSAR level @ 10407.

Today Banknifty found difficulty to sustain above Daily Agni 10686 and JBNSAR level 10669  and slipped upto 10552.70 .... there by given a gain of 100+ points..!!!!!!!!!!!!

IMPORTANT POINTS FOR TRADING Banknifty is highly overbought. Now banknifty is having a hurdle from 10670 to 10735 zone. On downside immediate support comes around 10500 and below that 10407 . More weakness in banknifty will be only below 10407.