October 1, 2012

BANK Nifty chart analysis


  • Bank nifty above 10 Day EMA and 5 Day Highe EMA. Daily MACD although looking weak is still in Buy Mode.
  • Immediate range for a big trade is shown in the last chart.
  • A bigger fall possible below the golden ratio or 11226 levels.
  • Breakout above 11536 may start a move towards 78.6% Fib level.
  • NIFTY WEEKEND UPDATE
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