BANKNIFTY VIEW FOR 27TH FEB 2013

IMPORTANT POINTS FOR TRADING

• Banknifty is in downtrend after breaking down the rising wedge pattern in both day and week time frame. There is no sign of trend reversal so far..
• On upside Banknifty immediate resistance is around 12050-12075 and on downside support is 11750.
• It is highly oversold and we expect some pull back rally on upside... 
• On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

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NOTE :

1. We soon reply all pending mails... till this sat and sunday.

2. We will also update our 'Pair trade diary' and 'Banknifty Diary' till this sat and sunday

3.We have Started posting positional stock ideas on our new blog 'JUST BANKNIFTY-STOCK IDEAS'

(To view our new blog click on below title)

JUST BANKNIFTY - STOCK IDEAS

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