Tuesday 9 July 2013

Technical update on Bank Nifty


Bank Nifty



This is the weekly chart of Bank Nifty. You can see that it is trading at a major support level which is at 11300. If it closes above 11650 then short term uptrend will start. Suppose it closes below this trend line support on weekly basis then free fall is expected. Lets see!

Disclaimer : Charts presented here are not for recommendation or to advice . They are for educational purpose. More details such as stop loss , target are shared with subscribers.

Nifty medium term trend



Trend  UP
Initiation Date 01-07-13
Initiated at  5898
High since change 5898

 

Thought for the day


The difference between school and life? In school, you’re taught a lesson and then given a test. In life,  you’re given a test that teaches you a lesson.

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