Wednesday, March 05, 2014

Bearish Hanging Man On Nifty - Trend Reversal ???

Dear All,

>>> Nifty <<<

>>> Click the chart to see on full screen <<<

Yes Bearish Hanging man. Earlier we have wrote the same on Bank Nifty too, which failed. Now appears above the trend line. So its a warning signal, should wait and watch for reversal.


>>> Bank Nifty <<<

>>> Click the chart to see on full screen <<<

Bank Nifty crossed out resistance 10970, next resistance may be at the gap left above @ 11132 to 11190. Final hurdle @ 11248, cross may give bulls upper hand. All the above counts and analysis may invalid once cross these two resistance. So lets wait for clarity.