February 21, 2014

BANK NIFTY technicals

On intraday charts, BNF became a buy above 10500F with trailing SL exit at 10570F.

The day's high made around this time i.e. 10600F was never crossed later in the day.

On EOD charts, holding 10300 F will be bullish.

On weekly charts, there are signs of bottom formation.

Expect stiff resistance near 10800F

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