Nifty and Bank Nifty Technical Analysis for 19 Dec’13

Nifty as on 18 Dec’13– 6217.15 (+78.10)    Bank Nifty as on 17 Dec’13– 11357.90 (+149.25)

In line with our expectation Nifty witnessed smart bounce in the last session.( For your info)

RBI governor keep repo rate unchanged and that was the trigger for the market. Technically, it was more visible and we have already communicated with all our readers.

It seems that still Bank Nifty has to struggle a bit to prove its point, however Nifty is ready to move further higher unless and until it breaks below 6230 (futures) levels. Sooner we 6300 +levels,

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

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