Nifty and Bank Nifty Technical Analysis for 03 Jan’14

Nifty as on 02 Jan’14– 6221.15 (-80.50)    Bank Nifty as on 02 Jan’14– 11183.20 (-202.40)

Finally, after two weeks of indecision market gave up today, and it seems that downfall may continue in coming sessions.

In the last session, Bank Nifty made a high of 11578.90 and gave away sharply, it is a clear signal that, it is struggling to gather strength and Bears are attacking at crucial levels.

Now what to expect? Nifty keeping 6350 stop loss we might see levels of 6130 and subsequently 6000 levels. Similarly, Bank Nifty will see 10900 and 10700 levels. While trading you need some expertise, if you don’t know the nitty gritty just don’t jump into the trade just by reading this.

Keep visiting Way2Profits, for genuine & unbiased Daily view on the Nifty and Bank Nifty.

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