January 27, 2012

  • Like Bank Nifty, Nifty too is near 200 SMA. 
  • Week chart also shows a possible resistance line.
  • Closing above 200 SMA may help bulls to continue this up move. Bearish candles here may give hope for bears. 
  • BANK NIFTY RESISTANCE LEVELS

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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."
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