Friday, August 20, 2010

NIFTY NEXT- BANK NIFTY ON NEXT WEEK 23-27 AUG 2010



Bank Nifty Closes at 11.033.80 DOWN BY 0.70% ON 20Aug2010.It closes above its 20DMA ,50DMA & 200DMA AT 10502,10015,9341 Respectively with a Bearish Harami Candle formation on Daily Charts.
The Nifty Next Trend Finder for BankNifty is getting exhausted and it starts showing weakness on Daily Charts.We may Go Short for Target of 10945 and 10847 with strong Rersistance at 11130/11196 for  the
Coming Week. 

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