Nifty:
Nifty Outlook
Nifty finally closes above the neckline (10,230 levels) of the Inverse Head and Shoulder pattern on the smaller time frame chart and has closed above the same. This confirms that the short term trend has probably reversed. However, multiple resistance awaits going forward, Declining Channel falling trendline at 10,275 and 100-DMA of 10,350 are major hurdles in near term for Nifty.
Bank Nifty:
Bank Nifty Outlook
After trading the day largely rangebound Bank Nifty intense buying in the last hour pushed up despite weakness in global peers, with gains in lenders such as State Bank of India, ICICI Bank and Axis Bank. Bank Nifty able to close above 24530 which indicates buying in coming session.
To Get Free Trial
Missed call @ 9582541010
Call Us @ 8822117117
Mail Us = starindiamarket@gmail.com
Visit = http://www.starindiaresearch.com/freetrail.php
Nifty Outlook
Nifty finally closes above the neckline (10,230 levels) of the Inverse Head and Shoulder pattern on the smaller time frame chart and has closed above the same. This confirms that the short term trend has probably reversed. However, multiple resistance awaits going forward, Declining Channel falling trendline at 10,275 and 100-DMA of 10,350 are major hurdles in near term for Nifty.
Bank Nifty:
Bank Nifty Outlook
After trading the day largely rangebound Bank Nifty intense buying in the last hour pushed up despite weakness in global peers, with gains in lenders such as State Bank of India, ICICI Bank and Axis Bank. Bank Nifty able to close above 24530 which indicates buying in coming session.
To Get Free Trial
Missed call @ 9582541010
Call Us @ 8822117117
Mail Us = starindiamarket@gmail.com
Visit = http://www.starindiaresearch.com/freetrail.php
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