Bank Nifty Update 09/10/2014

Bank Nifty Chart updated for 09/10/2014...

Last Update on 06/10/2014.....

" For 07/10/2014 Spot Bank Nifty faces resistance at 15678.65...

and below it .... it is weak.....

For intraday 07/10/2014 it will be weak below the level of 15315.65...."


For 07/10/2014 we had observed it was below 15315.35 and we opened gap down at 15214.25 so no trade taken intraday.


For 08/10/2014 resistance was at 15281 above which we were long on the index with next angle resistance at 15661.35. We achieved our target and closed the trade at end of the day on 09/10/2014. Profits of 15661-15281=380 points. No trade open on bank nifty at close of 09/10/2014.

For 10/10/2014 we may be long only above 15696 with angle resistance of  16033. Below 15696 we may be short with supports at 15307 maximum or may take profits on intraday situation using our risk managements levels. As per swing geometry we should not break below 15360 levels for this trend to continue.

Happy Trading !!!