Friday, September 12, 2014

BANKNIFTY PREMARKET NOTES- 12 SEPT


 

BANKNIFTY PREMARKET NOTES:-

  • SGX NIFTY  is  8 POINTS down showing FLAT TO NEGATIVE OPENING.
  • FII Activity – CASH ++433 CR / INDEX FUT ++32 CR
BANKNIFTY FUT DEMAND SUPPLY
1 16230 16319
2 16149 16366
3 16037 --

These levels are where we have to watch how market reacts and we have to take decision as per the PRICE ACTION.

DAILY CHART:-

  • There is STILL RSI DIVERGENCE on DAILY CHART.
  • Also Banknifty broken  ZONE of 16294 to 16105 ON UPSIDE but it not sustained there and CLOSED again in the ZONE.
  • Banknifty Daily Candle showing DOJI CANDLE which showing INDECISION.


For Further Reading,
BANKNIFTY TRADING NOTES

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