Market Trend Lab

(BANKNIFTY WEEKLY CHART) In week timeframe , Banknifty MACD has given a negative crossover and also broken down the rising wedge. Whereas banknifty price closed the week within the  channel  (shown with pink color) . Now  channel  support comes around  18500 .  Banknifty is weak and 'sell on rise mode' It will have strength only above 19200 and on downside  it has support near  18500--18200--17900. ************************************* NOTE:   FOR PAIR TRADING VISIT OUR SEPARATE SITE:  http://justbankniftystock.blogspot.in **********