Friday, September 9, 2011

JNSAR for 12th Sept & BankNifty's Tech.table.



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BN, uptrending, has broken out of channel & may find 5 digits inviting Pr. booking.


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Thursday, September 8, 2011

JNSAR for 09th Sept & BankNifty's Tech.table.


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BN, uptrending, has broken out of channel & may find 5 digits inviting Pr. booking.




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Wednesday, September 7, 2011

BN's strength will be tested around 9730-45.

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Tuesday, September 6, 2011

JNSAR for 07th Sept & BankNifty's Tech.table.



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BN's short term strength/ weakness will be confirmed above 9750/below 9450.

Lead indicator is at "OB" zone but not yet turned down. The first sign of weakness would be a close below 9580(DHEma) & 9564(Day Pivot), followed by a close below 5DEma. Bulls' hopes of continuation of this bounce will stay on as long as BN holds 9400.
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Monday, September 5, 2011

JNSAR for 06th Sept & BankNifty's Tech.table.



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BN bounced off the channel bottom & being resisted at the channel top.



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