June 28, 2011

BANK NIFTY and SBI Analysis

BANK NIFTY DAILY LINE CHART
SBI DAILY CHART
  • Bank Nifty is getting into a resistance zone.
  • As shown in the first chart price has reversed many times from 11160 level on a closing basis.
  • Around 11300 price will also hit the Down Trend line.
  • So for a bigger breakout to happen price should sustain and close above 11300 Level.
  • SBI too is approaching resistance zone. So if Bank Nifty is to make a breakout Then SBI has to stay above 2353 and should make an attempt towards its 50 DMA.
By at

3 comments:

  1. manojagJune 28, 2011 at 8:54 AM

    San,
    Great stuff. Keep it going.
    Best
    manoj

    ReplyDelete
  2. SanJune 28, 2011 at 9:04 AM

    @manojag Thanks

    ReplyDelete
  3. chetanJune 28, 2011 at 9:38 AM

    san sir,
    i look for your analysys after studing master's guidence every day.thank you for the same.

    ReplyDelete

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