Bank Nifty Technical Analysis Outlook for 10 June, 13

Bank Nifty as on 07 June'13 - 12231.50 (-244.15) Weekly Chart

Bank Nifty as on 07 June’13 – 12231.50 (-244.15) Weekly Chart

Bank Nifty as on 07 June’13 – 12231.50 - Daily Chart

Bank Nifty as on 07 June’13 – 12231.50 – Daily Chart

In last five trading sessions of the week; Bank Nifty moved in a very narrow range with negative bias. Unfortunately, if you on short side than on Thursday your short were taken away, and if Long on Thursday then your stop would be taken away on Friday.

In such a tapered range what to expect further, let see-

  • Week on week basis Bank Nifty lost only 244.15 points, but consecutively it is third week where we got negative close, after posting life time high.

(To read further, download report)

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