Banknifty is downtrending in Week timeframe and hence at every rise gets sell off. It is trading downward in channel.
Today 11895 to 11950 zone will act as strong resistance and staying below this, it will be weak and may slip upto 11655 and than 11450.
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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