Bank Nifty Chart analysis
- Weekly chart of Bank nifty shows a bullish engulfing pattern.
- Daily chart is nearing possible resistance levels.
- Price is back to the neckline of the head and shoulders pattern. Price is also nearing the Golden ratio. For bigger up moves price has to sustain above these two levels.
Markets Quantified
ReplyDeleteNIFTY 11-Mar-2013
Current Market Situation :
NIFTY current close : 5942
NIFTY resistance level : 6158
NIFTY support level : 5912
NIFTY sentiment : sideways
NIFTY dominant cycle period : 18 days
Levels Tomorrow :
NIFTY intraday resistance 1 : 5967
NIFTY intraday resistance 2 : 5996
NIFTY intraday resistance 3 : 6037
NIFTY intraday support 1 : 5917
NIFTY intraday support 2 : 5889
NIFTY intraday support 3 : 5847
Markets Quantified