Technical updates on Bank Nifty

Bank Nifty

Bank Nifty can face resistance at 11230 trade the break out.

Nifty medium term trend

Trend	Up
Initiation Date	09-10-13
Initiated at	6007
High Since Change	6252

Technical updates on Nifty

Nifty 

Nifty is facing resistance around 6230 . If it closes above this level then further rally can be expected

 

Nifty medium term trend

 

Trend	Up
Initiation Date	09-10-13
Initiated at	6007
High Since Change	6252

 

Technical updates on LT

LT 

LT is expected to be in uptrend as long as it is above Rs.900 . I am unable to upload chart due to technical reasons please visit FB page to view the chart.

Nifty medium term trend

Trend	Up
Initiation Date	09-10-13
Initiated at	6007
High Since Change	6218

Technical updates on Nifty

Nifty daily chart

Nifty has reached 6200 and whenever it reaches this level some people talk about new high . But according to me it is time to book profit and wait for reversal .

Nifty medium term trend

Trend	Up
Initiation Date	09-10-13
Initiated at	6007
High Since Change	6218

Technical updates on Nifty

Nifty is facing resistance around 6150 . As long as it is below this level further rally cannot be expected . There are possibilities of Nifty falling to 5950 . Lets see .

Nifty medium term trend

Trend	Up
Initiation Date	09-10-13
Initiated at	6007
Low Since Change	6124