Skip to main content

Posts

Showing posts from September 2, 2012

BANKNIFTY VIEW FOR 7TH SEP 2012

IMPORTANT POINTS FOR TRADING Banknifty closed below two very strong EMA i.e.   200DEMA &  100DEMA   which comes around 10065 & 10145 respectively. Yesterday banknifty has made a ' bullish harami candlestick pattern' which is a reversal pattern and needs follow up confirmation. On upside immediate resistance  comes around  10035-10065 zone and than 10130-10150 zone. Banknifty is breaking every contracting triangle patterns one by one and now last one more triangle support comes around  9740. Banknifty is weak as long as it stays below 100 & 200 DEMA and weekly agni level & JBNSAR  levels  10208-10276. Banknifty is highly oversold in Daily chart and might give a rally. BULLISH HARAMI CANDLESTICK PATTERN

BANKNIFTY VIEW FOR 6TH SEP 2012

IMPORTANT POINTS FOR TRADING Banknifty closed below two very strong EMA i.e.  100 DEMA & 200DEMA. Banknifty is breaking every contracting triangle patterns one by one and now last one more triangle support comes around 9740   breaking and closing below 9740 will bring deeper correction. On upside immediate resistance  comes around 9950-9980. Banknifty is weak as long as it stays below 100 & 200 DEMA and weekly agni level & JBNSAR  levels  10208-10276. Banknifty is highly oversold in Daily chart. NOTE :   VERY SOON INCORPORATE A STRATEGY FOR CONSERVATIVE TRADE FOR THE ONE  WHO DONT WANT TO TRADE INTRADAY BUT TO HOLD FOR A SHORT PERIOD.

GAIN OF 100+++ POINTS

Today Banknifty after crossing down Daily Agni level of   9963 ...slipped upto 9814 and  there by given a gain of   100+  pointssssssss.... keep enjoying .....

BANKNIFTY VIEW FOR 5TH SEP 2012

IMPORTANT POINTS FOR TRADING Banknifty closed below  100 DEMA & 200DEMA. Now major support comes around  9900  and breaking of which will take to  9795 . On upside major resistance  comes around  10150  where as immediate resistance is  10060-10080 which comprise of R1,200DEMA and 7DEMA. Banknifty is weak as long as it stays below weekly agni level and JBNSAR  10208-10276. Banknifty is highly oversold in Daily chart. NOTE :   VERY SOON INCORPORATE A STRATEGY FOR CONSERVATIVE TRADE FOR THE ONE  WHO DONT WANT TO TRADE INTRADAY BUT TO HOLD FOR A SHORT PERIOD.

BANKNIFTY VIEW FOR 4TH SEP 2012

IMPORTANT POINTS FOR TRADING Banknifty closed below  100 DEMA & 200DEMA. It has broken the triangle pattern and is trading near the downward support channel of a flag pattern. Now major support comes around  9930-50  and breaking of which will take to  9795 . On upside major resistance  comes around  10125-10155 zone where as immediate resistance is 10025 Banknifty is weak as long as it stays below weekly agni level and JBNSAR  10208-10276. Banknifty is highly oversold in Daily chart. NOTE :   VERY SOON INCORPORATE A STRATEGY FOR CONSERVATIVE TRADE FOR THE ONE  WHO DONT WANT TO TRADE INTRADAY BUT TO HOLD FOR A SHORT PERIOD.

Advertisement