BANKNIFTY WEEKLY UPDATE.. : 18700--18650 crucial support

(BANKNIFTY WEEKLY CHART)

Banknifty in week timeframe is trading well within the channel (shown with pink color) made high near the resistance line 20907. Now channel support comes around 17700 and resistance near 20900. MACD is about to give negative cross over.

In week timeframe banknifty is having strength above 19500 only and on downside support near 18700 below which more panic upto  18200--17700.

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NOTE: FOR PAIR TRADING VISIT OUR SEPARATE SITE: 

http://justbankniftystock.blogspot.in

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THOUGHT OF THE DAY:

"Its better to be UNIQUE than the The BEST,
because... 
Being The BEST makes you the number one,
But.. 
Being UNIQUE makes you THE ONLY ONE !!"