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Bank Nifty

Bank Nifty is trading at a 12 month low ...... ON the way down it has broken all the supports

Technical charts have been completely decimated and all the relief rallies are sold into .................

Only Good news for the Bank Nifty Bulls is that Bank Nifty is maintaing the lower end of the range and there are possibilities of Sharp pull Back or relief rally

On a Fibonci Levels the Bank Nifty has retraced 61.8 % Some relief rally is expected from these levels otherwise be ready to see another 1000 points fall in bank nifty ...........


Comments

  1. Abhikhos2715 August 2013 at 19:25

    In the Past One Week Bank Nifty has moved Higher by 500 points need we say anything more .

    It takes conviction to go out there and buy and if u are correct u are rewarded handsomely .

    ReplyDelete

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