Friday, December 2, 2011

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






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BN's critical levels are 8700-9000.



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Thursday, December 1, 2011

JNSAR for 02nd Dec. & BankNifty's Tech.table.




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BN, holding above DLEma, is all set for the next part of the upmove.

9077(50%) & 9276(61.8%) are the likely targets.

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Wednesday, November 30, 2011

JNSAR for 01st Dec. & BankNifty's Tech.table.






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BN, having rallied for 3 days, has come off the highs.

50 points below DLEma would turn it weak.
Weak retracement of yesterday's fall would turn it weak.
Mild strength returns above 8615 & 8750.

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Tuesday, November 29, 2011

JNSAR for 30th Nov & BankNifty's Tech.table.






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BN, reversed in the ST, may continue move higher if 8640 holds; has its resistance at prev. lows of 8918.




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Monday, November 28, 2011

JNSAR for 29th Nov & BankNifty's Tech.table.





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BN, downtrending, is likely to complete the "iv" wave today...(assisted by global cues)





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Sunday, November 27, 2011

Technical Analysis of Stocks @ a critical juncture.

Infosys, after having rallied, gave a sell signal last week and has fallen now below 50Sma.
Icici Bank has broken below 750 support and heading lower.
SBI has completed a bearish flag and poised for more falls....so do other stocks.

Are these stocks are likely to complete a vth wave this week or only a pause as after an "a" wave of an "abc".

One thing is clear though that the rises have been met with selling and aren't sustainable.

During a bear phase, just look for "Bearish Flags" & Sell on rises" - you'll do well.

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