November 19, 2012

BANK Nifty Chart analysis

 

  • Price near crucial support levels for Bank nifty. Along with the Horizontal support levels price is also near 50 Day SMA and 5 Week LOW EMA. 
  • MACD of Weekly chart is nearing a sell signal But Price needs to break all the support levels mentioned above for it to work well. Week sustaining above 5 Week Low EMA on closing basis may not give bigger gains for bears of BN.
  • BANK NIFTY INTRADAY LIVE CHART WITH AUTO REFRESH

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