January 16, 2014

BANK Nifty Intraday update

  • Bank nifty near the falling resistance line and 50 Day SMA. Price must do a daily close above these two levels for extending this bounce.
  • Hour chart also shows price near crucial levels like 50 and 61.8% Fib levels which must be crossed to extend the bounce in Hour chart.



4 comments:

  1. Sir pls put your view on JSWSTEEL if track it. I got stuck in a Short trade in the stock.

    ReplyDelete
  2. @nakshatra
    JSW Steel daily chart shows a strong up trend. Shorting opportunity only if stock trades or closes below 986 levels. Bigger up moves likely on closing above 1046.

    ReplyDelete
  3. Oh actually I bought 980 PE of it at 19 CMP 11-12......anyways thanks will keep watch on 986 levels to go short in the stock.

    ReplyDelete
  4. FOR BEST SHORT TERM DELIVERY CALLS PLEASE VISIT
    www.nifty-intraday.blogspot.com

    ReplyDelete