NIFTY and BANK NIFTY Line charts

• NIFTY and BANK NIFTY Daily line charts shows that on closing basis there are no major accidents for bulls yet.
• For nifty the number is 5180 which should be captured by bears on closing basis. This level has not been broken on closing basis for quite sometime now.
• Bank nifty too held above the support line shown here in daily chart. So If price holds the line this week we may see it starting to move up.
• For Bank nifty the number to break on closing basis is 10430 - 10440 on weekly closing basis.
• NIFTY BULLISH ENGULFING PATTERN