It was shared…
possible support and resistance levels as per chart are Chart is self explanatory showing levels 11200 11400 12200 12400 12600 12900 13130 …
bank nifty is trading at up trending line support. 4 bear attempts were failed in last 1 year… will bears win this time?
if yes then 10500 10000 will act as lower supports …consolidation /accumulation may take it to higher levels .
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8 years weekly analysed chart is posted here
eod bank nifty chart is showing that trading at the bottom of up slanting channel . over sold zone spinning bottom and trend line support are indicating that it will get support at 11200 level …speculation ..Monaday is not far from here …
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bank nifty is trading at very strong support
Dear Sir,
ReplyDeleteAs I see you are bullish from 5900 level. before that you called the market correctly when It was at 6200.
where you went wrong?
see below 5600 expected and done ...
DeleteSunday, June 9, 2013
ReplyDeleteNifty macro and micro analysis for week ending 14 Jun 13
Nifty closed in red but still above 20 week moving average means bouncing from this level may take nifty towards 6080 but selling with volumes below 5870 will take nifty to 5750 5600 level…. as per weekly chart 5870 is strong support .
http://dhanvarshagrp.blogspot.in/2013/06/nifty-macro-and-micro-analysis-for-week_9.html