Bank Nifty weekly chart
Bank Nifty has closed below trend line support which is a bearish sign. As long as it is below 11300 medium term trend will be negative.If it sustains below 10800 then it can reach 10300 in medium term.
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 | 6051 |
Thought for the day
We can be sure that the greatest hope for maintaining equilibrium in the face of any situation rests within ourselves.
