August 17, 2013

BANK Nifty Weekend update

  • Bank nifty daily chart unable to gather strength continues to breakdown below 5 Day High EMA.
  • Weekly Fib levels shows price may fall towards 78.6% Fib level near 8977 levels.
  • Monthly chart too looks bearish as price is doing a vertical fall from Monthly upper bollinger band towards the Lower Band.




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