Thursday 6 March 2014

Technical updates on Nifty and PNB


Nifty





Nifty has once again reached resistance at 6330 . Unless this level is breached on weekly close basis we cannot expect further rally . 

PNB



PNB is forming lower high lower low in weekly chart . Now it has reached trend line resistance . Traders can consider short if it closes above trend line resistance then loss should be booked .