Sunday, March 6, 2016

Nifty and Bank Nifty Updates

Market welcomed budget with a bang. Bank Nifty support range mentioned last week worked so far.
Lets see how the chart looks now:

Nifty:


We can so many resistances waiting for Nifty. First one was crossed with a gapup without any hurdle which shows this pull back has strength to test other resistance. Lets see how it goes :).

Bank Nifty:


    Similar to Nifty bank nifty is also moving towards resistance area. Need to see strength in this trend and watch price action in shaded area carefully.

 NOTE: Above charts are only shared for learning purpose and are not related to any BUY/SELL tip.


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