April 1, 2013

BANK NIFTY Chart analysis

 
  • Bank nifty back to 200 Day SMA. For bulls momentum will resume in their favor only if price is able to trade above 200 Day SMA.
  • Crucial levels in weekly chart for bulls to hold above on closing basis are 11125 -  11200 and the up trend line from 7766 level.
  • Sustaining above 50 Week SMA is also good for bulls of BN.
  • TATA STEEL TREND UPDATE
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