September 23, 2012

BANK Nifty Weekend update

 
  •  BANK Nifty weekly chart has given a breakout from the contraction pattern.
  • Second chart shows a possible resistance line
  • Fibonacci levels shows price closed above Golden ratio. Price now testing possible resistance at 11450. Crossing this level should take BN towards 11900 levels or the Rising trend line shown above.
    NIFTY WEEKEND UPDATE
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