Thursday, 24 November 2011

Outcome of Nifty & Bank Nifty for 23rd Nov




Nifty future, had mentioned sell on rise and downside levels given were 4718 which could be witness.
Verify 4718 was tested and just check the importance of 4718 level, once broken Nifty was in a free fall mode.

No supports for the nifty in the range of 4600 - 4700.


Banknifty future, advised sell on rise on every pullbacks. Also mentioned, the support comes way down at 8262 - 8180.
Verify, it nearly crashed towards the support of 8262 making a low of 8231 for the day.

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