Sunday, October 12, 2014

Bank Nifty Update 12/10/2014





Last Update on 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."


On 10/10/2014 15696 was not crossed so longs taken. Shorts taken below open with targets of 15360-15306. Low was at 15439.35 and we covered shorts at end of day.


For Monday 13/10/2014 longs only above 15643.Supports at 15356-15090-14976. Major resistance at 16033.




Happy Trading !!!

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