March 14, 2018

Bank Nifty Channel | 50 Week SMA and Bollinger band

  • Bulls can attempt a bounce trade with small stop loss. 
  • Bears are hoping for a close below 50 Week SMA.
  • Crucial price level for both sides. Break below this level on closing basis will confirm a Medium term Top in Leading Indices. Bulls are desperate to avoid such an event.


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1 comment:

  1. shreyunikMarch 13, 2018 at 9:53 PM

    San,thanks for the updates... your charts always simple and effective. I believe NIFTY is also in a similar situation.

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