Technicals on Bank Nifty and Jet Airways
Bank Nifty
Bank Nifty is trading at a very crucial junction and on verge of breakdown from Flag and Pole pattern.
Bank Nifty is trading end of lower end of and break of 10338 will lead to big downfall in Bank Nifty.
Market was consolidating yesterday and adjusting the oversold short term pattern.
Stochastic is still trading below 20,Hence Rallies should be used to exit longs and create fresh shorts.
Close above 10724 will nullify the bearish scenario we are talking about.
Selling is evident from the fact that bank Nifty is unable to retrace 23.6% …
Read the full story »
Bank Nifty is trading at a very crucial junction and on verge of breakdown from Flag and Pole pattern.
Bank Nifty is trading end of lower end of and break of 10338 will lead to big downfall in Bank Nifty.
Market was consolidating yesterday and adjusting the oversold short term pattern.
Stochastic is still trading below 20,Hence Rallies should be used to exit longs and create fresh shorts.
Close above 10724 will nullify the bearish scenario we are talking about.
Selling is evident from the fact that bank Nifty is unable to retrace 23.6% …
Read the full story »
posted by Bramesh at
8:34 AM
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