IMPORTANT POINTS FOR TRADING
- Banknifty is trading in a flag pattern (which is consider as continuation pattern) within the channel and MACD yet not given clear negative signal.
- For more detail on 'Flag Pattern' one can go to following link : http://justbanknifty.blogspot.in/2012/03/flag-pattern-banknifty-daily-chart.html#more
- It is having a resistance around 12670-12705 and Support around 12490.
- It will be weak only below weekly JBNSAR level of 12490. (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..
Comments
Post a Comment