Disclaimer

All the contents of http://www.tipsonshare.blogspot.com / http://www.tipsonshare.blogspot.in are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. http://www.tipsonshare.blogspot.com /
http://www.tipsonshare.blogspot.in
shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.

Advertisement

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


BANK NIFTY FUTURES

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.

No comments:

Post a Comment

Blog Archive