August 7, 2013

BANK Nifty chart analysis

  • Next level to watch for Bank Nifty is 9600. Closing below 9600 price could head towards 9100 levels as shown in first chart.
  • Fib level shows price below Golden ratio. Sustaining below this level price may target the 38.2% Fib level.
  • Weekly stochastic looks oversold But price yet to show any strength yet. 


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