Market Trend Lab

(Quote from Bhagvad Gita) Yesterday Banknifty broken down Daily Agni level and JBNSAR and today cross down Weekly JBNSAR 10384 and than Weekly Agni level too i.e. 10350 and slipped upto 10272... (till now) there by given a gain of  100++ pointsssssss.......... HAPPY JANMASHTAMI..... 

IMPORTANT POINTS FOR TRADING In daily chart , inverse head and shoulder pattern is developing. In daily chart above there is a mid point crises in RSI indicator whereas  MACD is yet to give a bullish crossover signal. Now banknifty has a resistance around 10595-10610 . And on downside it has support around  10380----10350 zone . Banknifty will be weak only below 10350.

Today Banknifty after crossing down Daily Agni level of 10550 slipped upto 10425   there by given 100+  points  gain by swing trading based on Agni/JBNSAR technique.... Keep smiling.......

IMPORTANT POINTS FOR TRADING In daily chart , inverse head and shoulder pattern is developing. Banknifty was overbought in hourly chart and as expected got some pull back at the end of the session yesterday. In daily chart above there is a mid point crises in RSI indicator whereas  MACD is about to give a bullish crossover signal. Now banknifty has a resistance band of   10640-10700 . And on downside it has support at  10475 and below which it can slip upto 10380--10350 .

IMPORTANT POINTS FOR TRADING In daily chart , inverse head and shoulder pattern is developing. On 3rd August, banknifty has made  Long Lower Shedow Candle  near the channel support which is interpreted as bullish signal and also confirmed by strong move thereafter. Banknifty is overbought in hourly chart hence some pull back is expected soon. Today if sustains above  10600-620  than it can move upto  10680---10700 zone . And on downside it has support at  10435 .

IMPORTANT POINTS FOR TRADING In daily chart , inverse head and shoulder pattern is developing. On 3rd August, banknifty has made  Long Lower Shedow Candle  near the channel support which is interpreted as bullish signal and confirmed by gap up opening yesterday. Today if sustains above  10425  can move upto  10570---10610 . And on downside it has support around  10310-10350 zone .

IMPORTANT POINTS FOR TRADING In daily chart , inverse head and shoulder pattern is developing. On 3rd August, banknifty has made Long Lower Shedow Candle  near the channel support which is interpreted as bullish signal but also requires a follow up confirmation. Today banknifty above 10384 can move upto 10445-475 zone and sustaing above 10475 can rally upto 10555-570 zone. Now on downside it has support around 10270-10310 zone .