Banknifty is downtrending in day and week timeframe. Once again it has broken long term rising channel support and may bull try to protect it. Banknifty is highly oversold in day time frame and it remains there with steep downfall when the trend is strong in higher time frame.
Support near 11720--11680 and resistance near 11870--11900--11990--12090
Our weekly JBNSAR given sell signal @12820 on 30th May 2013.
On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support / resistance levels.. Positional traders should trade with weekly JBNSAR
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