Market Trend Lab

IMPORTANT POINTS FOR TRADING Banknifty closed below two very strong EMA i.e.   200DEMA &  100DEMA   which comes around 10065 & 10145 respectively. Yesterday banknifty has made a ' bullish harami candlestick pattern' which is a reversal pattern and needs follow up confirmation. On upside immediate resistance  comes around  10035-10065 zone and than 10130-10150 zone. Banknifty is breaking every contracting triangle patterns one by one and now last one more triangle support comes around  9740. Banknifty is weak as long as it stays below 100 & 200 DEMA and weekly agni level & JBNSAR  levels  10208-10276. Banknifty is highly oversold in Daily chart and might give a rally. BULLISH HARAMI CANDLESTICK PATTERN