January 23, 2013

BANK Nifty Support levels


  • Price testing previous resistance level.
  • Price also near 23.6% Fib level.
  • If the above mentioned levels does not act as support price could test the lower Bollinger band as shown in the last chart.
  • If price bounces here it should move back above 20 SMA to gain strength again.
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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