April 22, 2013

BANK NIFTY Chart update


  • Daily close above Ichimoku cloud and weekly close above 20 Week SMA suggest strength. Sustaining above these levels should give further up moves.
  • Fib level shows next resistance at 78.6% Fib level.
  • Monthly chart shows price testing 5 Month High EMA This one should be crossed for a bigger up move to unfold.

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