Bank Nifty & Nifty Technical Analysis for 02 Aug’13

Nifty as on 01 Aug’13– 5727.85 (-14.15)    Bank Nifty as on 01 Aug’13– 10142.95 (+127.20)

After choppy move with a range of 131, and almost retesting of prior sessions low, Nifty closed at 5728 with minor loss of 14.  Basically, last session was blend of indecision amongst market players, short covering, profit booking, short build up.

Bank Nifty gave sharp reversal, almost after retesting the prior sessions low.

Nifty Trading Strategy

We maintain our view, and we expect some reversal move. But clouds are not clear, so risk is there.

Bank Nifty Trading Strategy

If you are risk takers then you know what to do. Go ahead, we are seeing a opportunity here, without risk there is no trade.

The following two tabs change content below.
We are covering Major Equity, Forex& Commodity Markets, Way2Profits filters information and streams meaningful conclusions right to your inbox. Technical Research is our realm and we fathom the depths.

Latest posts by way2profits (see all)