(BANKNIFTY WEEKLY CHART)
Banknifty is in downtrend in week time frame. It is falling in steep downward channel with MACD crossed down.
Banknifty has closed exactly at 100 Week EMA i.e.11340 which is one of the important support and another support comes around 61.8% retracement level i.e. 11185. This two are last hope for bulls to return else there will be panic upto 10700.
On upside channel resistance comes around 11640 and 50 Week Moving Average around 11700.
According to our Agni and JBNSAR system, Sustaining above 11300 it may try to move towards 11700---- 11900 whereas below 11300 there will be panic upto 11185---11000---10700.
Our weekly JBNSAR given sell signal @12820 on 30th May 2013 (right now it is in 1400+ point gain). Part booking was advised near support zone of 11900-12200. and balance is held with trailing stop loss.
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.
NOTE: There are many enquires for Banknifty service. Please note that Due to time limit we are not providing banknifty call service right now. Banknifty Agni and JBNSAR for daily and weekly timeframes are provided freely on right hand side of our blog. Right now we are only concentrating on our pair trading service. Thank you for all your interest in our blog.
NOTE: There are many enquires for Banknifty service. Please note that Due to time limit we are not providing banknifty call service right now. Banknifty Agni and JBNSAR for daily and weekly timeframes are provided freely on right hand side of our blog. Right now we are only concentrating on our pair trading service. Thank you for all your interest in our blog.
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