Market Trend Lab

Banknifty is downtrending in week time frame with MACD crossed down.  Our Weekly Agni and JBNSAR levels are 11085 and 11780 respectively which suggest that banknifty holding 11000--11100 will try to move towards 11780-11850 . Banknifty will be strong if sustains above    11780-11850 zone and will zoom up to the 12000-12300. whereas below weekly JBNSAR it will be weak and slip upto 11340---11100---11000 levels. Our  weekly JBNSAR  given sell signal  @12820  on  30th May 2013 . 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.