Nifty & Bank Nifty Weekly Technical Outlook for 18th Nov, 2013

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Nifty Daily Chart

Nifty Daily Chart

Everything we hear is an opinion, not a fact. 

Everything we see is a perspective, not the truth. – Marcus Aurelius 

As always there will be difference of opinion between two generations, and that difference gives birth to revolution and new practices. Market trading was very different than what it is now. We all know the mantra which we used to hear from our earlier generation, that “Buy It & Forget It”, and trust us we come to in close contacts with few gentleman’s who made lot of money and still enjoying their fruits in their retirement. But, now everything has become dynamic, investment has transformed into trading, FII’s buying and selling pattern has changed in last couple of years. Earlier, they use to look at yearly returns, than they started looking at Monthly, than Weekly and now they are concerned about intraday volatility and momentum, still there are few who follow old practice, so we’ll not claim that everybody is in same foot. Point we are trying to make is, all long term forecast (some are making predictions as well, don’t know how), are good to prove the smartness and understanding of individual analyst, but is that good for your trading. Answer lies to you.

At Way2Profits, we try to follow one simple practice, to stay with trend (if it’s there), sometimes we fail and sometimes we manage to catch it in right manner, fortunately, last week we were at right side, hopefully next week. To read, our understanding, you just have to Click here to register, and our report will get deliver in your mail box by Sunday evening. And yes, we neither make any forecast, nor we have magic stick for making predictions.

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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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