December 2, 2011

BANK NIFTY Analysis

  • MACD is looking for bulls of Bank Nifty in daily chart. But price is getting rejected at 20 Day SMA.
  • For bulls price staying above 5 Day High EMA is a positive from here price may try to breakout above 20 SMA again.
  • For bears of Bank Nifty price should close the day below 5 Day High EMA.
  • USDINR CHART ANALYSIS
By at

4 comments:

  1. DKGDecember 2, 2011 at 9:28 AM

    Hi SAN,

    What is your tgt of IH&S in SBIN?

    ReplyDelete
  2. SanDecember 2, 2011 at 11:20 AM

    @DKG
    If price does not go below 1790 again it may target 1900 and above.

    ReplyDelete
  3. DKGDecember 2, 2011 at 1:06 PM

    Thanks SAN, As per my charts its 1971 tgt.

    ReplyDelete
  4. SanDecember 2, 2011 at 1:08 PM

    @DKG
    Good luck for your target. Keep a trailing stop loss as well to protect the profit

    ReplyDelete

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