Banknifty is downtrending in week time frame with MACD crossed down.
Our Weekly Agni and JBNSAR levels are 11085 and 11780 respectively which suggest that banknifty holding 11000--11100 will try to move towards 11780-11850.
Banknifty will be strong if sustains above 11780-11850 zone and will zoom up to the 12000-12300. whereas below weekly JBNSAR it will be weak and slip upto 11340---11100---11000 levels.
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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