Stock Market Chart Analysis
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
June 6, 2014
Bank Nifty chart analysis
Bank nifty continues to trade in a range.
Fib levels shows price staying above 23.6%, Weakness only if price falls below this level. Bearish below 38.2% Fib level. Bulls need to stay above 23.6% Fib level to avoid a correction.
Rising 20 Day SMA too may act as support for BN Bulls.
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