September 30, 2010

Bank Nifty analysis

  • Bank nifty is showing a range of 12068 one the down side to 12363 on the upside.
  • We will get range bound moves till the index trades within this range.
  • If bank nifty closes below the 5 day low ema then price may test the low end of the range at 12068
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1 comment:

  1. bullbearOctober 2, 2010 at 8:28 PM

    sir, Bank Nifty has moved well past the resistance and closed at about 12600. Where is it headed in the week ahead ? please guide. I have a short position at 12440

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