September 24, 2011

  • Important support level for BN is between 9200 - 9260.
  • Early warning could be Daily candle closing below week low ema.
  • Strength for BN above 9660.
  • Price is in a range between Week High and Low EMA. If week low ema holds we may see an up move.
  • Indicators too are not favoring bulls as of now. 

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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore