March 13, 2013

BANK NIFTY Chart Update

  • First chart shows the ongoing bounce with fib levels and 20 SMA. Price must sustain above 20 SMA and 23.6% Fib level for avoiding a bigger correction
  • Second chart shows crucial resistance levels in daily chart with 100 SMA  and 50% Fib level.
  • Last chart shows price weakness at the neck line. Bulls must cross this level on closing basis to avoid a bigger fall.
  • BANK NIFTY LIVE CHART- 5 MINUTES TIME FRAME
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2 comments:

  1. KhemMarch 13, 2013 at 10:36 AM

    Its only two days since i am following ur posts and i have been became a big fan of u..thanks for sharing such nice tech analysis

    ReplyDelete
  2. UnknownMarch 15, 2013 at 11:46 AM

    A very good blog post, I have book marked this internet site so ideally I’ll
    see much more on this subject in the foreseeable future!
    Thanks & Regards :
    Nifty Updates

    ReplyDelete

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