Analysis of Bank Nifty 26th February 2014
Bank nifty index Buy or Sell ?
Bank Nifty last close : 10666.75
Now Bank Nifty is in no trading zone
It has bounced back from Sub 10000 levels
Buy is possible only when it crosses conclusively and stays above 10920.
Any Close below 10550 will trigger a short with stop loss of 10920.
Close above 10920 will trigger a long with stop loss at 10550.
Major Resistance is at 12000 level while major support is available at 9900.
Bank nifty index Buy or Sell ?
Bank Nifty last close : 10666.75
Now Bank Nifty is in no trading zone
It has bounced back from Sub 10000 levels
Buy is possible only when it crosses conclusively and stays above 10920.
Any Close below 10550 will trigger a short with stop loss of 10920.
Close above 10920 will trigger a long with stop loss at 10550.
Major Resistance is at 12000 level while major support is available at 9900.
