Saturday, 14 December 2013

Nifty and Bank Nifty chart

Nifty Chart: 

6140-6150 is 61.8 percent retrace from 5972 to 6415 also red channel support. More weakness below that,holding same bounce will come . 

Bank Nifty:

 Bank nifty is trading at channel support and last leg resemble more like falling wedge. 11218-230 is support zone. Holding same bounce can resume else more weakness only below it. 

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