Market Trend Lab

(click on chart to enlarge) above BNF weekly chart is posted it shows channel resistance around 9850  and weekly ema 100 @9747 and 55 ema @9816. closely look this level along with agni level in comming week

Gap up opening and made high of 9560... still no weakness. Bank Nifty future next hurdle is 200 days ema @ 9674 and week's 100 ema @9747.

Today Bank Nifty above Agni level 9120 made high of 9212 and closed @ 9199.40 Stay Long with S/L of Agni level for tomorrow 9168 and short only if it fell below agni level.

Today Bank Nifty was down till 2.00pm and after that took support of JBNSAR 8950 and made high of 9060 and closed @9023. Bank Nifty is overbought and cooling off from last two days by ranging in 200 points i.e from 8900 to 9100. Breakout or breakdown from this rang will decide the future direction

Today JBSAR 8950 and Agnilevel 9158. Yesterday it touch 9140 near Agnilevel and fell down indicating close Long. today below 8950 dont remain Long

Today Banknifty above JBNSAR 8900 made high of 9114 and not able to cross Agni level of 9145. However Banknifty Future went close to 100EMA i.e.9140 and fell down upto 9062. BankNifty Closed@9056.7 and future closed @9078.45.

BANKNIFTY FUTURE  made a low of 9075 after touching 9140 level