June 11, 2013

BANK Nifty chart analysis


  • Daily chart shows price moving away from 50 Day SMA.
  • Second chart shows price approaching 200 Day SMA. Price is also nearing Golden ratio.
  • There is a chance of support confluence with 200 SMA and Golden ratio, But one should consider the strong down trend before trying any adventurous trades against the current trend.. 

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