Market Trend Lab

(Daily Chart) Banknifty is uptrending and overbought. Immediate resistance is 10675 and above that 10775 . It will be weak only below 10500-480 zone.

(Daily Chart) Banknifty is uptrending and has immediate resistance at 10620 and thereafter 10740 and on downside it has support around 10390-440 zone. 

Today banknifty is having a stiff resistance zone between 10557-620 and staying below Daily Agni level @10557 will bring some weakness and it may fall upto 10309

(Daily Chart) TECHNICAL VIEW ON BANKNIFTY Last week end banknifty has given a strong breakout from the pattern. Banknifty closed above Daily Agni and JBNSAR level and now it will move towards weekly Agni level i.e. 10620. Banknifty has support @10193 and below that 10110.

Banknifty has shown its power after crossing weekly Agni Level @10172. ... and made high 10275 (till now)..there by given 100 points gain .......

TECHNICAL ANALYSIS OF BANKNIFTY Banknifty has given a breakout from the channel but still not given a decisive rally. It has become a range bound and yesterday too it traded in very narrow range.  Today on upper side resistance is 10140-150 and on downside support is 9950 . Stochastic is showing a negative divergence in above chart and  RSI has paused at middle point.