Market Trend Lab

Banknifty above all levels of Daily and Weekly Agni/JBNSAR levels will be strong. Our Weekly JBNSAR system given long signal @11580 on 11th july 2013.  (Our short signal of 30th May 2013 @12820 reversed on 11th July 2013 @ 11580. There by  Weekly JBNSAR given gain of  1240 points) On upside above 11750 next resistance will be 11940 .  On Downside it is having good support around 11270-11360 zone.

Banknifty is downtrending in week time frame and day timeframe also. Last week banknifty got sold off near weekly JBNSAR level of 11780 once again. (last week high was 11752 ). This week Agni and JBNSAR levels are 10950 and 11580 . Breaking of either side will decide the trend till than expect a side ways in a range of 10950-11000 to 11580-11650. Our weekly JBNSAR level 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.