Nifty and Bank Nifty Technical Analysis for 20 Nov’13

Nifty as on 19 Nov’13– 6203.35 (+14.35)    Bank Nifty as on 19 Nov’13– 11187.85 (+45.55)

After smart reversal of one day, prices remained almost stagnant throughout a day, what does this signify? Lack of consensus, lack of triggers, lack of confidence, or suddenly group which was earlier active went on to holidays. Or does this indicate, risk , caution, silence before the storm?

Even, in last session also we said that we would be looking, how Nifty is reacting at 6200 levels, and just see how coldly it remained stagnant there.

Now, we know that in today’s session or may be tomorrows session, market will open in such a way that most of the traders will not get any chance to build a position in the market, it is clear Game Plan, and if you are not confidence than you will stuck in wrong shoe.

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

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