Technical Analysis:Bank Nifty,ICICI and SBI bank

“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better analysis is going to give them the confidence they need to do what needs to be done to achieve success.” – Mark Douglas

Bank Nifty

Bank Nifty has been under weakness from last week after SBI announced its results. Banks are under pressure coz of slowing economy because of rising interest rates which increase the bad loans.

Bank Nifty is at its crucial support of 9254. Break of same will lead to directly to 9152.

Technically things looks overdone for short term and bounce can be expected in bank nifty if it start trading above ...

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