Friday, January 13, 2012

JNSAR for 16th Jan & BankNifty's Tech.table.




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BN, uptrending, is at a major channel resistance @ 9000 & 100sma-9120 but yet to show any weakness.




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Thursday, January 12, 2012

JNSAR for 13th Jan & BankNifty's Tech.table.







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BN, uptrending, needs to defend itself above 50sma @ 8720-40.




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Wednesday, January 11, 2012

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




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BN, uptrending, faces 50sma as its immediate resistance-8750-65.

2 or 3 days of closes above 50sma is considered to be bullish for the medium term. Breakouts are often accompanied by "pull back".


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Tuesday, January 10, 2012

JNSAR for 11th Jan & BankNifty's Tech.table.




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BN, uptrending, has the crucial 8520 as its channel resistance.

"Pause candles" could not reverse the ST trend. Break of 8520 could be decisive.



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Monday, January 9, 2012

JNSAR for 10th Jan & BankNifty's Tech.table.




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BN, uptrending, would gather strength above 8550 and weaken below 8300.




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