Sunday, June 23, 2013

bank nifty is trading at very strong support

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 .


BANKNIFTY_Weekly_22-06-2013


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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 …


BANKNIFTY_Daily_22-06-2013 (1)


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bank nifty is trading at very strong support