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Banknifty Weekly Update..

(BANKNIFTY WEEKLY CHART)

Banknifty had faced hurdle near 11200 level (+/- 100 points) (shown with blue shadow) and got sold off .

Now  below 9960 it is having support around 9750 below which it will be weak. Whereas sustaining above 10200 it will move towards 10500-----10800 levels.

On 5th Sep 2013 our Weekly JBNSAR system given long signal @9450 and one lot advised to book near 9800-10000 zone (gain of 400-500+ points) and on 20th sep 2013 also advised to book 2nd lot above 11000 level (there by given gain of 1500+ points).

On 27th Sep 2013 our Weekly JBNSAR system given Short signal @9960 and one lot is booked near 9900 (gain of 60 points) and 2nd lot is on hold.

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