(Daily chart : To enlarge click on chart)
IMPORTANT POINTS FOR TRADING
- Banknifty is in 'Sell on Rise' mode.
- In above daily chart one can see the negative diversion in MACD which indicated well to be cautious at higher levels Where as Stochastic will confirm down move (bigger correction) once it breaks the black arrow.
- This week also expecting banknifty to remain under pressure (Till RBI policy review on 29th JAN 2013) and might trade in range of 12600-12840.
- On downside banknifty has important support around 12580 and a gap created on 31st Dec 2012 and 1st Jan 2013 i.e. 12512 to 12547
- On upside immediate resistance will be around 12680-12710 zone.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
Comments
Post a Comment