Monday, 12 December 2016

NIFTY BANK VIEW:

Nifty bank (18695)

Nifty bank has given a positive pattern breakout. 
can show 19000 soon on closing around 18800

It too has positional charts stiff resistance zone @ 18720..18750 close above this will give the break out can show sharp move to 19000..19200. 

If faces resistance here @ 18720..18750 it can slide down to 18200..17900

All these levels are support and bounce back zones so they can act as buying opportunities 

Close below 17800 is a sign of downtrend resuming

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