Bank Nifty daily chart
Bank Nifty has sustained above 200 DMA for two consecutive trading sessions. Medium term uptrend has just started in Bank Nifty. It is likely to move towards 11900.
SBI
SBI has bounced back from support at Rs.2050. Potential target is Rs. 2200.
We have continued to hold long in Nifty fut initiated at Rs.5716 and today we have initiated bull call spread in LT.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 26-02-13 |
| Initiated at | 5761 |
| Low since change | 5612 |
| Reversal if closes below | 5895 |
Thought for the day
I thoroughly believe that no power in universe can with hold anyone from anything they deserve - Swami Vivekananda
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