Nifty and Bank Nifty Technical Analysis for 14 Nov’13

Nifty as on 13 Nov’13– 5989.60 (-28.45)    Bank Nifty as on 13 Nov’13– 10523.40 (-59.70)

Nifty and Bank Nifty both closed near to our expected levels, and now it’s thrilling situation for us, whether market breaks or holds above this levels, or just gives false breakout and take reverse? We don’t know, what is going to happen.

In today’s session we might see some profit booking, as Moharram Holiday of 14 Nov is postponed by one day i.e. on 15 Nov, and then after we have weekend, so probably traders may not carry their position.

We keep close eye on 5980 and 10500 levels.

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

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