Saturday, July 28, 2012

Bank Nifty

Bank Nifty is sitting pretty over its 100 sma, weekly T_zone prices and some important volume support (refer old volume charts) . 10350 is Buy trigger with same as stop loss for next week (give some points)...for medium term trading 10090 will now act now as support if bounce holds its ground or resistance if it gets broken next week(looks unlikely but you never know)..
but you have coiled up energy in lots of charts like from gold, silver, spx, and emerging markets. Resolution will be lethal for the one who would stick to the bias instead of listening to the tape...our bias still positive with this being the first shake-out

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