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Showing posts from September 1, 2013

BANKNIFTY WEEKLY ULPDATE AND FALLING WEDGE PATTERN

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(BANKNIFTY WEEKLY CHART) Banknifty is trading in falling wedge pattern (shown with black dotted lines). In above chart one can see that though banknifty broken the falling wedge pattern on down side by making lows but always closed the week near support line of wedge. Now in coming week   Wedge support and resistance comes around 8980 and 10300-10350 . Breaking of the Falling Wedge on upside will be bullish reversal followed by positive crossover by stochastic and MACD indicator . Next w eek our   weekly Agni and JBNSAR levels   are   9120  and  9480   respectively. On 5th Sep 201 3 our Weekly JBNSAR system given long signal @9450 and part booking is advised near 9800-10000 zone (gain of 400-500+ points) and balance shall be held till Weekly JBNSAR reverses. Our Previous  Weekly JBNSAR  system given Sell signal below  @11525  on 16th july 2013 (open gap down @ 11459)   and the same is reve...
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BANKNIFTY WEEKLY UPDATE ...

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Banknifty is trading in falling wedge pattern. Now sustaining above 9000 level banknifty will try to move towards 9450 and than 9650. Whereas below 9000 level it may fall ulpto 8895---- 8710. For this  Week our   weekly Agni and JBNSAR levels   are   8710  and  9450   respectively. Our  Weekly JBNSAR  system given Sell signal below  @11525  on 16th july 2013 (open gap down @ 11459).  Part booking was advised near  11000  and balance shall be held till it reversed by weekly JBNSAR. Note: To read more on  'Falling Wedge Pattern '  go to following link: http://justbanknifty.blogspot.in/2013/04/banknifty-weekly-analysis-and-fallling.html#more 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.  
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