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BANKNIFTY WEEKLY UPDATE: Trading in broader range of 9800-10600

(BANKNIFTY WEEKLY CHART)

After giving breakout from wedge pattern  followed by positive crossover by stochastic whereas MACD yet to give positive crossover, Banknifty is trading with high volatility.

Banknifty is trading in broad range of 9800-10600.On upside banknifty is having resistance around 10245-10330 zone and sustaining above this in coming week will give positive crossover in MACD indicator and will take banknifty to 10600.

On downside below 10245-10330 zone it is having support around 9900-9980 zone.

On 3rd Oct our WEEKLY JBNSAR system given long signal @10185 and on 4th oct , one lot booked near 10285-10328 zone thereby given gain of 100+ points and 2nd lot is on HOLD.

One can see the backtesting data for trades based on Weekly JBNSAR (Accuracy 90.79%) atleast one and half year by downloading excel file from below given link:

http://www.4shared.com/file/D1YEw2GQ/BACKTESTING_OF_WEEKLY_JBNSAR_A.html

If you are satisfied with the result of our backtesting data and interested to learn the technique than contact us  by filling form given in the following link:


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