Nifty and Bank Nifty Technical Analysis for 09 Jan’14

Nifty as on 08 Jan’14– 6174.60 (+12.35)    Bank Nifty as on 08 Jan’14– 11053.70 (+16.95)

In last two sessions, gradually range is getting skewed, and in the last session it traded on extremely subdued note. We believe that “Low Volatility in the market will beget High Volatility” in days to come.  It seems that Nifty and Bank Nifty both has taken support and likely to move on positive note, but both are trading on edge, so taking aggressive bet may also take toll from us.

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