Nifty & Bank Nifty Weekly Technical Outlook for 16th Sept, 2013

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Learn the Lessons,…

Last week market traded only for four sessions, and Tuesday opening was quite an interesting, in fact it was quite a surprising day with such smart close (at least for us), but subsequent action was little discouraging for fresh longs, which were build during euphoric moves. Many a times we learn this lesson, but every other day we ignore and get carried away by ecstatic moves, and if we miss the chance then we blame ourselves or if we have a chance to blame other then we burst on someone else. But does that signify quality of good trader? Why we forget that, if not today then you have tomorrow, market is not going anywhere.

Lets examine last weeks move and based on that anticipated price action for coming week.

 

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We are covering Major Equity, Forex& Commodity Markets, Way2Profits filters information and streams meaningful conclusions right to your inbox. Technical Research is our realm and we fathom the depths.

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