March 14, 2018

Bank Nifty Channel | 50 Week SMA and Bollinger band

  • Bulls can attempt a bounce trade with small stop loss. 
  • Bears are hoping for a close below 50 Week SMA.
  • Crucial price level for both sides. Break below this level on closing basis will confirm a Medium term Top in Leading Indices. Bulls are desperate to avoid such an event.

1 comment:

  1. San,thanks for the updates... your charts always simple and effective. I believe NIFTY is also in a similar situation.