Total Pageviews

Wednesday, July 3, 2013

BANK NIFTY OUTLOOK FOR 04/07/2013

Bank Nifty Future started off below previous day’s low on the back of initial
selling in the market. It broke the support of 11,600 in the opening trade and
moved down to lower levels as the day progressed. On the lower end it
broke the other supports at 11,533 and 11,429 before making day’s low at
11,329.
Hourly stochastic is trading at the oversold zone; therefore, mild recovery
may be witnessed in the first half of the tomorrow’s trading. On the higher
end 11,500 may act as resistance. Failure to move above that level may
attract more selling in the Bank Nifty Future

No comments:

Post a Comment