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Closing Summary of 3rd Feb. 2012

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Today bank nifty has closed @10133.65 with a strong note. It has broken not only daily & weekly channel but also all major emas of day and week. Bank nifty has been giving higher weekly close from last 5 weeks. Today bank nifty made low of 9928 thus, today's agni level @ 9923 has provided support & than it rallied upto 10158.95.(given gain of  200+ points). =================================================================== Note:  1. Go Long once banknifty crosses Agni level from downside.       Short when banknifty breaks agni level from upside.  2. Take entry at 3-5 points above/below agni level for Long/short       respectively.    (**** WITH TIGHT STOP LOSS OF 40-50 POINTS MAX.****)  ==================================================================
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CLOSING NOTE OF 2ND FEB. 2012

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Today in the morning bank nifty opened gap up @10012.95 and made high of 10090.(given gain of  200+ points from yesterday agni level of 9884) After 11.00 a.m. bank nifty started sliding down and once today's Agni level 9864 breached it made low of 9776.55 (given gain of 80+ points) 11.45 a.m. bank nifty once again tried and succeeded to cross today's  Agni level and made high near 10,000. (given gain of 100+ points) and closed @9992.05
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CLOSING NOTE FOR 1ST FEB 2012

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Today Bank nifty open @ 9941.90 and started coming down & once Agni level of 9884 breached it made low upto 9762. (given gain of  100+ points) and in afternoon after 2.00 pm it again crossed Agni level 9884 from downside and made high upto 9967 (given gain of  80+ points) Today BankNifty closed above today's Agni level and JBNSAR so dont remain short.
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