April 14, 2011

BANK NIFTY Analysis

  • 11900 is an important level to cross for bank nifty on closing basis.
  • Indicators in daily are looking overbought But they are yet to give a sell.
  • MACD in weekly chart is looking good for bulls of BANK NIFTY.
  • Weekly Trend line is showing some more upsides IF 11900 is taken out on closing basis. Price may try to retrace towards the broken trend line shown in last chart.
  • NIFTY INTRADAY UPDATE
By at

4 comments:

  1. Dinesh RishiApril 14, 2011 at 11:00 AM

    Dinesh Rishi said...
    4 times 11900 rejected/resisted

    Firth time if breaks New high within no time :D

    Choti si asha
    April 13, 2011 2:52 PM

    ReplyDelete
  2. SanApril 14, 2011 at 11:43 AM

    @Dinesh Rishi

    after Seeing the price action i feel your Choti si asha May come true. I am also waiting to enter long at the break of 11900.

    ReplyDelete
  3. alphabet1April 14, 2011 at 3:35 PM

    Too many of us looking at the same set-up !!

    ReplyDelete
  4. SanApril 14, 2011 at 4:19 PM

    @alphabet1
    So will that result in a whipsaw

    ReplyDelete

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