Market Trend Lab

(BANKNIFTY WEEKLY CHART) Banknifty is trading in downward channel and in weekly chart, MACD cross over dragged it to lower level of 9944 . Now on upside resistance is 10500-10580 zone and on downside support is 9900-9950 and below this level it may slip to 9500 . Banknifty is weak below 10430 level. For stock ideas visit:   http://justbankniftystock.blogspot.in/