Friday, August 24, 2012

Correction continues in Banknifty!

4 Hourly Chart
What will happen in Banknifty? Where will this current weakness take the prices? There are two bands, one green and other pink. Green band ranges from 10200-10050, and the pink one ranges from 9900-9675. Both these possibilities are bullish though. However if we break below the lower level of the pink band, this bullish scenario will come under scrutiny.

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