January 19, 2012

BANK NIFTY Resistance levels

  • BANK NIFTY Week and Daily chart shows price near resistance levels. Day and week closing above these levels will give some more points for bank nifty.
  • The last chart shows that the up move will be limited. As RSI has reached the very overbought region, RSI is yet to turn down. When it starts to turn down we may see negative price action.


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