April 4, 2011

BANK NIFTY Analysis

  • Bank nifty daily chart is showing weakness for the last two days.
  • In case the correction gets extended, Good supports exists between 11100 - 11150 band.
  • Correction was followed by a slight negative divergence in MACD indicator.
  • Effects of death cross still exists, If BN falls below 200 and 50 DMA again we may see a deeper correction.
  • PRICE AND VOLUME BREAKOUT - LIC HOUSING FIN

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