July 29, 2013

BANK Nifty chart analysis


  • The death cross in bank nifty continues to perform well.for bears. 
  • Price has closed below 50% Fib level which may open downsides till the Golden ratio.
  • There is a small positive divergence in chart which will be difficult to get right because of the strong down trend.
  • Strength for the day on trading above 10600 levels and weakness on breaking below last week's candle low.

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