Thursday, November 19, 2009


Attached here with is the Bank nifty chart.

Banknifty is in massive consolidation, which can turn out to be very well an extended 5 on upside it close above 9350 on hourly basis. The flag itself can propel banknifty by ard 1000 points up.

Similarly on the downside, a Break of trendline could put in place Corrective Count on Bank Nifty and will be needed to be analyzed on EOD basis. As of now trend zone seems to be 9350 on top and Trendline (A) at the Bottom.

Check the attached Chart.

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