Market Trend Lab

(BANKNIFTY WEEKLY CHART) Banknifty  had faced hurdle near  11200 level (+/- 100 points)  (shown with blue shadow)  and got sold off . Now  below 9960 it is having support around 9750 below which it will be weak. Whereas sustaining above 10200  it will move towards 10500-----10800 levels. On  5th Sep 201 3  our  Weekly JBNSAR  system given long signal  @9450   and one lot advised to book near   9800-10000  zone   (gain of  400-500+  points)  and on  20th sep 2013  also advised to book  2nd lot above   11000  level   (there by given gain of 1500+ points ). On 27 th Sep 201 3  our  Weekly JBNSAR  system given Short signal  @9960 and one lot is booked near 9900 (gain of 60 points) and 2nd lot is on hold .