Market Trend Lab

(Banknifty Weekly Chart) Banknity is trading in side ways from last three weeks in the range of 10800 to 11250. It  has broken the  rising wedge pattern and MACD  yet to give negative cross over and if it does than it will bring more weakness in coming days. Banknifty below 10970 level will be weak. On upside immediate resistance around  11085 and than 11200  and on downside immediate support around  10830--10880  below which it will slip upto 10400 level. In coming week one has to watch for MACD corss over and RBI 3rd Quarter Monetary policy review on 28th Jan 2014  which will bring high volatility. ================================================= TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART

Subscription for Feb Month will start from 25th Jan 2014 to 31st Jan 2014...  Who already contacted will be replied soon.... TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART