June 11, 2014

Bank nifty chart analysis

 
 
  • BN is showing negative divergence But corrections thus far are shallow and limited to 20 Day SMA. So a bigger fall only if 20 day SMA is broken on closing basis.
  • If 20 SMA is broken then price is likely to move sideways in a range as shown in first chart.

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2 comments:

  1. Rahul SolankiJune 11, 2014 at 11:22 AM

    TRIFID NIFTY : BUY BANKNIFTY FUT ABOVE 15550 TARGETS 15590/15630/15670 SL 15490. TriFid Research ,07316632000 NIFTY, at 09:30:30
    Agri Commodity Tips

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  2. AnonymousJune 11, 2014 at 11:45 AM

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