Friday, June 8, 2012

JNSAR-Stocks for 11.06.12 & BankNifty"s Tech.Table.



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BN's channel resistance comes @ 10020-60 for consolidation, if any..

If the rise to 11227 was "a", then the rise from 8995, being "c" wave should be more bullish than the "a". Any failure along the way should caution you of "deception".
But as of now, prices are trending firmly and there will be corrections to the current rise which should be managed with trailing stops.
Hour trend changed the day trend and the day trend is "changing" the week trend.
Hour TA, Overbought, would show weakness below 9870.


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Thursday, June 7, 2012

JNSAR-Stocks for 08.06.12 & BankNifty's Tech.table.



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BN, uptrending in day T/F with momentum, eyes WHEma/MEma @ 9820 (Also the 50% retrace)

Consolidation channel resistance comes @ 10050. A consolidation at that point would make it more stronger for a break-out.


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Wednesday, June 6, 2012

JNSAR-Stocks for 07.06.12 & BankNifty's Tech.Table.



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BN, downtrending below 9825, is in a pause mode.



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Tuesday, June 5, 2012

JNSAR-Stocks for 06.06.12 & BankNifty's Tech.Table.



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BN, showing signs of reversal, would show strength above 9435 & 9495.



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Monday, June 4, 2012

JNSAR-Stocks for 05.06.12 & BankNifty's Tech.Table.



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BN, closing below 5 sma 3 days ago, trending down towards 8800 zone.

Any fall below 8800 would confirm a major bearishness.

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