October 19, 2014

Various indices analysed

BANK NIFTY... trend is down and will revert to buy above 16300. For those using 5 day swing, the index has already given a buy with SL at 15100.

CNX IT has generated a sell and will turn bullish on close above 11600.

PHARMA index has given a sell and will turn bullish above 11000.

Small cap index is trading in a range. The sell signal got generated in JULY this year and since then the index is trading at support around 4750. Expect more weakness if this level breaks.

That's all... if you want analysis of any other index, please post the link to the chart.

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