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Wednesday, February 19, 2014

Bank Nifty spot@ Finally above 10400/10500

That's how the scenario changes in a single day@
Bank Nifty spot finally above 10400/10500 which was its tough resistance.
Now what?
Well its a buy on dip market now as long it holds 10400 on closing basis.
Market looks strong now and bears could face tough problem adjusting themselves. Short covering will be seen in various short position.
Nifty immediate support at 6080 and resistance at 6134/6143- 6188/6200
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1 comment:

  1. Manish BothraFebruary 21, 2014 at 11:27 AM

    Update on Bank Nifty spot@ Above 10400....the first tough resistance is close to 10655 to 10685. And above that its likely to hit and face tough resistance close to 10895 to 10925. All step by step. Below 10400 closing it will get weaken.
    Thats my idea.

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