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Bank Nifty free index trading tips and share market ideas - updated for 14th January 2016, Thursday.


BANK Nifty futures witnessed selling pressure from strong trend line resistance zone and has now closed below its previous bottom as shown in above technical chart.

As long as stock holds below its previous bottom bears will be favored and further weakness can be seen in coming days. As  its previous support will now act as a major resistance for Bank Nifty.

RSI indicator is now moving in -ve zone this only generates a sign of caution for bears.

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