August 14, 2013

BANK Nifty Bullish Engulfing and resistance levels

  • Bank nifty daily chart shows a bullish engulfing pattern.
  • Daily chart is also aligning for a MACD Bullish Cross.
  • Price must sustain above 5 Day High EMA and 23.6% Fib level for a  bigger up move to happen.




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1 comment:

  1. Aish JoshiAugust 14, 2013 at 5:39 PM

    Nifty Closed positive near 5742, market strengthened today. Auto, commodity, Energy and Realty indices gained today. Call Put Tips

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