May 20, 2011

BANK NIFTY Trend Analysis

  • Bears of  bank nifty are threatening to break some important supports.
  • 10430 in weekly chart on closing basis will favor bulls and then they will be going for 9870 levels.
  • Break below that will change the trend in favor of bears and that means the end of this great up trend started from 3500 levels.
  • But lets wait and see if they are able to close below 10430 levels first and then take the next action.
  • LARSEN & TUBRO CHART

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