Market Trend Lab

Yesterday after opening gap up, banknifty was in free fall mode upto  10102.75   after crossing down   Daily JBNSAR 10232.....  there by given a gain of  100+  pointsss....!!!   

IMPORTANT POINTS FOR TRADING Banknifty closed weak in july series expiry. Yesterday it took  support around    10050   after crossing down 10140 level. Now on Upside immediate resistance for Banknifty is  10232 to 10250 zone . And downside it has support around 9990-10000 below that it can slip upto 9820.

IMPORTANT POINTS FOR TRADING Banknifty is in down trend and being expiry day expect a high volatility. On downside it has supports around    10140......and than 10050 . Upside resistance for Banknifty is  10331 and than 10420 .

IMPORTANT POINTS FOR TRADING Banknifty is in down trend. Now below 10280-285  there are three supports   10160.........10105........10050 . And on upside resistance for Banknifty is  10390--10420 . It is weak below  10420-450.

IMPORTANT POINTS FOR TRADING Banknifty is in down trend. Now immediate resistance for Banknifty is 10290 and above that 10470 . On downside it can slip upto 10160-190. It is weak below 10500-520.

IMPORTANT POINTS FOR TRADING Banknifty faced selling pressure on last week end and now RSI reached to middle point. Banknifty is having a hurdle around  10550-570 zone and   On downside it has support around  10422. It will be weak below weekly JBNSAR level of  10519.