Nifty and Bank Nifty Technical Analysis for 13 Sept’13

Nifty as on 12 Sept’13– 5850.70 (-62.45)    Bank Nifty as on 12 Sept’13– 10158.55 (-210.55)

In last two days, nifty is making marginal high and finally turned lower settled at 5850.70, it seems that top is done, may be some few upside surprise may come, but possibility is very low. Similar is situation in Bank Nifty and CNX IT.

Nifty Trading Strategy

Shorts can be taken with proper risk adjustments.

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