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BANKNIFTY VIEW FOR 8TH MAY 2013


IMPORTANT POINTS FOR TRADING

  • Banknifty has formed the flag pattern in daily time frame after coming back into the channel. Its support and resistance comes around 12350 and 12850 respectively.
  • Today above weekly agni level of 12810 and flag resistance of 12850, banknifty will be strong to move towards 13000+ level.
  • It will be weak only below weekly JBNSAR level of 12160. (Weekly JBNSAR given Long signal @11371)
  • On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

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