April 9, 2013

BANK Nifty Chart update

  • As shown in the last chart if price continue to sustain below 11125  -  11225 zone bears will gain further strength.  
  • For bulls the task is simple, Price has to move back above 50 Week SMA and the above mentioned zone for a possible up move towards the broken up trend line shown in first chart. 
  • Sustaining below 11125 - 11225 should lead to 10900 , 800 and 700 levels.

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