Banknifty is turned into downtrend in Day timeframe and is in 'sell on rise' in week timeframe.
On downside Banknifty is having support around 11130--11000 zone. More panic only below this levels. and upside resistance near 11525-11600 zone.
Our Weekly JBNSAR system given Sell signal below @11525 on 16th july 2013 (open gap down @ 11459).
(Our Weekly JBNSAR system given long signal @11580 on 11th july 2013 and made a high of 11812 there by resisted near the resistance zone of 11750-11940 zone. Part Booking was adviced near this resistance zone ( gain of 200+ points) and balance reversed on 16th july 2013 @ 11450 ( loss of 130+ points)
(Our short signal of 30th May 2013 @12820 reversed on 11th July 2013 @ 11580. There by Weekly JBNSAR given gain of 1240 points).
(Our Weekly JBNSAR system given long signal @11580 on 11th july 2013 and made a high of 11812 there by resisted near the resistance zone of 11750-11940 zone. Part Booking was adviced near this resistance zone ( gain of 200+ points) and balance reversed on 16th july 2013 @ 11450 ( loss of 130+ points)
(Our short signal of 30th May 2013 @12820 reversed on 11th July 2013 @ 11580. There by Weekly JBNSAR given gain of 1240 points).
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