July 25, 2016

Bank Nifty chart analysis

  • Month chart shows price at crucial resistance zone.
  • Daily chart is shown with the negative divergence. Negative divergence during this up move has not been that effective. corrections for negative divergence has been shallow and not trend changing.
  • Last chart shows daily chart with immediate support zone. Price if starts to trade below 23.6% Fib level will strengthen BN bears again.
  • NIFTY Weekend update
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2 comments:

  1. chauhanJuly 26, 2016 at 11:10 AM

    waiting for your view, on nifty and bank nifty, normally our eyes don't see it

    ReplyDelete
    Replies
    1. SanJuly 26, 2016 at 3:01 PM

      I have updated nifty although there is nothing new to update as price is testing crucial resistance levels.

      Delete

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