September 24, 2011

BANK NIFTY Weekend Update

  • 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.