November 10, 2010

BANK NIFTY Analysis

  • Important support for bank nifty in daily chart is at 12827.
  • Weakness will be visible only if this level gets broken.
  • Weakness in daily chart may not affect the weekly technical set up which is very strong. 
  • Second chart shows the rising channel and bank nifty hitting resistance at the top of the channel. This can give a correction.

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