February 27, 2015
- No Sell signal Yet in MACD Indicator But it looks like we may get one soon. Weakness can only be confirmed if price breaks below 126 level. On seeing yesterday's price action it looks like price will remain in this range with positive bias for today.
- Weekly candle looks interesting for bears. If it closes like this or closer to the current price then there is a possible Doji reversal candle in the making.
- Bank nifty at crucial levels. It may move up after testing these levels or bigger weakness can be seen if the levels are not held.
- Bears need a weekly close below 20 Week SMA for bigger falls to happen.
- Bulls may try to defend the rising support line.
- PIN BAR OF BANK NIFTY