October 17, 2013

Bank Nifty Support and Resistance levels

 
  • Bank nifty shows strong resistance at 100 Day SMA. This has to be taken out on closing basis for a bigger up move to happen.
  • Daily chart also shows a bearish engulfing pattern.
  • Last chart shows crucial support levels for Bank Nifty. A lower closing today would confirm or strengthen the bearish engulfing pattern.



1 comment:

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