Sunday, September 11, 2011

Bank Nifty Analysis-12Sep2011

Trade Decisions 


1.Both Daily and Weekly Indicator are showing bullish View ,but are on verge of bearish reversal so watch it .Bulls are safe as of now but any further slide bear takes control as it will lead to bearish reversal on Daily and weekly charts. so Long tighten your stops.
2.If Bearish Reversal is achieved on daily and weekly chart ,until we trade below 9879 ,we can target 9500.
3.If Bearish Reversal is achieved on daily and weekly chart .9500 can be achieved  as per Elliot Wave End of Wave target.


Hope that helps and   have a happy trading .




     

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