Wednesday, August 25, 2010

NIFTY NEXT-What Bank Nifty on 26 Aug 2010



BankNifty-1M today (25Aug2010) closes at 10950 down by -0.80% with Formation of  Three Inside Down Pattern on Daily Charts.It’s Average Rate is 10972.74 with Open interest of 17.44 Lacs.MACD  islooking weak with PFE-Polarized Fractal Efficiency giving Negative crossover on daily charts.It has now Strong Support at 10871 and Resistance at 11020.

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