Banknifty : Watch 200DMA near 11240-11250

(BANKNIFTY WEEKLY CHART)

Banknifty has made rising wedge pattern and which is bearish pattern in uptrend when it gives breakdown from the pattern followed by negative crossover by stochastic and MACD indicator. 
It has not given breakdown from the pattern yet.

It has support around  10940---11040 zone and resistance around 11250 and than around 11350.

In November month we booked gain of 1915 points on our JBNSAR AND UNIQUE STOPLOSS TECHNIQUE..!!!!!!!!! This technique works best in banknifty and volatile stocks...

http://justbanknifty.blogspot.in/2013/11/banknifty-update-gain-of-1805-points-in.html

https://docs.google.com/spreadsheet/ccc?key=0AvBSiCXIpa1ldG5QRWZON3FlOUlrUmdjZVNSS3RXV0E&usp=sharing

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