BANKNIFTY is trading near the top of the channel of a Flag pattern around 12600--12610.. and above that 'Rising Wedge Pattern' resistance comes around 12730... Be cautious on higher levels as it is trading in a 'Rising Wedge Pattern' which is termed as reversal pattern in uptrend....
To read more on 'Rising wedge Pattern' go to link:
http://justbanknifty.blogspot.in/2012/12/banknifty-weekly-analysis-upto-28th-dec.html
BANKNIFTY STATUS : Yesterday our CONJBNSAR given long signal @ 12455 spot and today booked one lot with gain of 84 points and HOLD 2ND LOT.
Comments
Post a Comment