Friday, September 11, 2015

Banknifty Chart

                                EXACTly bounced from support
 RSI at resistance, Not sustained above 16662. 
                                16450 good support. Delivery Volume 53% [so almost equal fight 
                                 by Bulls and Bears]. Rsi at 40 [no strength to break the 
                                 Resistance] MA-10 at 16643 and MA-13 at 16782. 
                                16200 Fibo weekly support. so breakout ranges 16200 and 
                                16800 for further up or down. MF at OSZ. so possibilities are 
                                 for consolidation with negative bias. Above resistance max 
                                17150-200 some profit booking. Check with your charts

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