January 24, 2011

BANK NIFTY in a Channel

  • Bank nifty is trading in a descending channel pattern.
  • Right now a bounce is happening within the pattern.
  • 11130 level may act as the resistance for this move.
  • The main trend line from will also be a resistance.
  • A bigger up move can only happen on a decent breakout above the resistance line.
  • SUZLON ENERGY TRIANGLE PATTERN
  • US DOLLAR ANALYSIS

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