April 12, 2012

Bank Nifty support and resistance levels


  • Bank nifty getting resisted at 20 and 50 Day SMA. Last swing high of 10502 too is an important resistance level. Bulls must cross these levels for a bigger up move to happen.
  • Bigger breakdown Should happen below 50 Week SMA. Price not closing below 50 Week SMA will keep bulls interested for a possible upper breakout.
  • S&P 500 EOD UPDATE

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