May 24, 2012

BANK NIFTY Support and Resistance

  • Bank nifty in the middle of a range.
  • Weekly lower bollinger band is trying to give support.
  • Resistance is near 200 Day SMA and 20 Day SMA.
  • For a bigger move price has to breakout of this 500 point range or remain range bound for this week.
  • OVERSOLD WEEK OF S&P 500

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