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BANKNIFTY downtrending in Week timeframe............

Banknifty is downtrending in week time frame and day timeframe also. Last week banknifty got sold off near weekly JBNSAR level of 11780 once again. (last week high was 11752).

This week Agni and JBNSAR levels are 10950 and 11580. Breaking of either side will decide the trend till than expect a side ways in a range of 10950-11000 to 11580-11650.

Our weekly JBNSAR level 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.



Comments

  1. Hi Sir,

    Any update on the 2 open pairs? Are they closed or still open?

    ReplyDelete

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