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BANKNIFTY VIEW FOR 11TH MAR 2013


IMPORTANT POINTS FOR TRADING
  • Banknifty moved up after Stochastic shown some positive diversion in above chart(shown with yellow arrow) and now MACD too given a positive signal.
  • Banknifty is having a hurdle near 12235 and after crossing it will move towards 12400.
  • On upside Banknifty immediate resistance is around 12235 and than 12400 and on downside immediate support is 12115.
  • Banknifty will be weak only if it breaks the weekly Agni/JBNSAR LEVEL. Righ now one can 'Buy on dip'.
  • On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

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