Wednesday, August 3

Nifty and Bank Nifty Ready for Bounce?

Bank Nifty

Bank Nifty closed above the crucial trendline support and level of 10545 should be held for upmove in bank Nifty in coming session.
Stoch is in oversold zone but still no Buy is triggred. Holding 10545 will give strength to upmove till 10900 levels.

Below 10545 levels Bank Nifty can easily slide till 10300 levels easily where next support lies.
Buy above 10686 Tgt 10720,10758,10800
Sell below 10545 Tgt 10482 and 10419

Nifty
For Day Traders Trading Nifty has been difficult from past 5 sessions. Nifty has formed DOJI in past 4 sessions after …
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