April 29, 2015

Bank Nifty Chart update

  • Bank nifty bulls trying to stay above 17500  -  17700 support zone.
  • Daily chart clearly has a Bearish or Topish pattern But for bulls there is hope in 200 Day SMA.
  • Weekly RSI is looking interesting. Weekly RSI is fast approaching oversold zone but price relatively has not fallen that much. If the support zone between 17500 - 17700 holds a reversal too looks possible.
  • INFOSYS Chart update: CLICK Here
  • NIFTY Chart update: CLICK Here

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