Friday, August 5, 2011

JNSAR for 08th Aug & BankNifty's Tech.table.

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BN breaking major trendline with a total "RED" in the TechTable.


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Thursday, August 4, 2011

JNSAR for 05th Aug & BankNifty's Tech.table.



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BN, trending down, has a channel support around 10525.


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Wednesday, August 3, 2011

JNSAR for 04th Aug & BankNifty's Tech.table.



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BN moving along the direction of the trend indicator.


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Tuesday, August 2, 2011

JNSAR for 03rd Aug & BankNifty's Tech.table.



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BN's directional indicator is pointing down in most T/F except in Hour.

Month indication is down and poised to enter negative zone this month;
Week indication is down and poised to enter negative zone this week;
Day indication is down and has entered negative zone yesterday;
Hour indication is rising from oversold but in negative zone.
Hence, use rallies to exit longs and create shorts..
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Monday, August 1, 2011

JNSAR for 02nd Aug & BankNifty TechTable.



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BN exhibits Hour +ve div for a bounce/ rally.

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