This week Bears tried hard to pull down banknifty even below the support line of Falling Wedge but at the end bulls succeeded to close the week in green within the Falling Wedge Pattern.
Next week Wedge support comes around 9150-9200 zone and on upside immediate resistance will be @9650 crossing the same will take banknifty to 9900-10070.
For coming Week our weekly Agni and JBNSAR levels are 8820 and 9685 respectively.
Our Weekly JBNSAR system given Sell signal below @11525 on 16th july 2013 (open gap down @ 11459). Part booking was advised near 11000 and balance shall be held till it reversed by weekly JBNSAR.
Note:
- To read more on 'Falling Wedge Pattern ' go to following link:
http://justbanknifty.blogspot.in/2013/04/banknifty-weekly-analysis-and-fallling.html#more
- 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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