June 24, 2011

NIFTY and BANK NIFTY Line charts

  • NIFTY and BANK NIFTY Daily line charts shows that on closing basis there are no major accidents for bulls yet.
  • For nifty the number is 5180 which should be captured by bears on closing basis. This level has not been broken on closing basis for quite sometime now.
  • Bank nifty too held above the support line shown here in daily chart. So If price holds the line this week we may see it starting to move up.
  • For Bank nifty the number to break on closing basis is 10430 - 10440 on weekly closing basis.

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