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Banknifty Update : Above 10245.... 1st Target 10580-10600 and than 10800

(BANKNIFTY WEEKLY CHART)

On 6th Oct 2013 , We have written that Banknifty is trading in broad range of 9800-10600 in our weekly update post. Till today it made low of 9877.45 and made high of 10451.15

If Banknifty sustains and closes above 10250 level than MACD indicator will give positive cross over and will zoom to 10580--10600 and above that it may try to touch 100WMA near 10800.

On 9th Oct 2013, Our Weekly JBNSAR system given long signal @ 10245 We booked one lot between 10320-10350 zone and holding 2nd lot. In October Month we already booked gain of 342 points till date. 

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