Banknifty is trading within the channel by respecting it. Its resistance comes around 12015 and above that 100 day moving average resistance comes around 12195.
Our weekly Agni and JBNSAR system suggest banknifty sustaining above 11900 will try to move towards 12350 and below 11900 it may fall upto 11750----11500.
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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