November 23, 2012

Shooting star of BANK NIFTY


  • Bank nifty has given a shooting start or Inverted Hammer pattern. Its a bearish pattern. 
  • For bears if this candlestick is to work price should trade below 11460 which is the 20 Day SMA.
  • last chart shows price right in the middle of the range. Sustaining above 20 SMA will favor bulls. Falling below it could lead to 11260 levels.
  • BANK NIFTY LIVE CHART WITH AUTO REFRESH

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