Monday, May 23, 2011

Nifty and Bank Nifty Technical view

Bank Nifty
Bank Nifty is also forming a Flag and Pole Pattern and target Looks very scary. Financials forms 28% of our Index and bank Nifty is very near to its Feb Low of 10017.If bank Nifty breaks this level than we have next support around 9100 Levels only as shown in chart.
Always use Indicators for confirming your trades But never trade based on Indicators. An indicator can remain overbought and oversold for long frame of time in a Trending market.
Sell Below 10338 Tgt ...


Nifty Hourly
As discussed in Nifty …
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