November 2, 2010

BANK NIFTY With 50 DMA

BANK NIFTY DAILY CHART
  • Bank nifty has gained good momentum on friday after getting support from 50 DMA.
  • A Long trade taken at 50 DMA would have given good profits. 
  • Now the index has resistance at 12830 levels. But index seems to be gaining momentum with the index covering nearly 800 points in two days.
  • Breakout above 12830 can give some more upsides for this index.
  • SUZLON ENERGY ANALYSIS

1 comment:

  1. i want to send you a one more probability line drawing on your chart. please give me your e-mail address. My e-mail address is krtaparia@gmail.com

    ReplyDelete