October 29, 2014

Bank Nifty Chart analysis

 

  • Weekly and Daily are testing resistance lines. But no alarms for Bulls yet as price is not showing weakness.
  • Positional support for BN is around 16220 - 16260 region and the GAP as shown in second chart.
  • Daily MACD is showing negative divergence. But both MACD and Price yet to show sell signals.
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