Research of Indian Stock Market

Saturday, July 16, 2011

BANK NIFTY OUT LOOK

In Last Week Bank nifty opened in weak and reached the low of10942 level, From there it take a reversal and on Thursday it make High  11385(Trend line meet at 11460) ,But can’t stay and closed at 11235.

In daily candle Bearish Harami Pattern formed, In daily chart  Monday  formed a small gap @11300 ,It Filled by 14 july but not closed .

 So In my opinion Coming week banknifty will trade in range bound 11450-10900

 

Copyright M. Subramaniam