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Friday, February 25, 2011

BANK NIFTY CHANNEL/POSSIBLE INVERTED HEAD & SHOULDER

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The first chart shows a possible formation in the form of inverted head and shoulder,
A fall below 10006 will make the pattern invalid.
On Friday nifty made a lower low, however bank nifty never came near Thursday's levels, a move past the upper boundary of channel (second chart)will add strength to nifty as well.
Bank nifty has lead the rally for most part of 2010, can it continue to lead the rally this time???
Probably yes, in the past year or so bank-nifty moved ahead of nifty.

Posted by Unknown at 7:38 PM
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1 comment:

Clara Mellor said...

DLF will get Rs 11,900 crore from the real estate deal. capitalstars

August 26, 2017 at 2:34 PM

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