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Thursday, March 27, 2014

Bank Nifty@ The Power Generator for markets from 10400 to 12700 as of now...saw upside of 21%...What Next?

We have been robust on Bank Nifty spot above the 10400/10500 level and today so far it has reached to the level of 12700 where it saw an upside of around 21% in just over a month.

Below are some of the link where we discussed about Bank Nifty in the recent months@

Dated 19th feb@ http://moneymystery.blogspot.in/2014/02/bank-nifty-spot-finally-above-1040010500.html


31st Jan@ http://moneymystery.blogspot.in/2014/01/bank-nifty-villain.html

30th Jan@ http://moneymystery.blogspot.in/2014/01/what-ahead-for-markets.html


What Next???

Currently at 12673 when this msg posted.

It faces 3 tough resistance, R1@ 12787, R2@ 13268, R3@ 13317.

Current Strategy would be to book profit in key banking stock as Bank Nifty keeps on moving higher and breaking all the resistance levels.
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1 comment:

  1. Manish BothraMarch 27, 2014 at 3:44 PM

    Later it made intraday high of 12767 and corrected over 160-180 points in no time.
    Timing is what matters the most.

    ReplyDelete

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