Nifty & Bank Nifty Weekly Technical Outlook for 21st Oct, 2013

Nifty Daily Chart

Nifty Daily Chart

Bank Nifty Daily Chart

Bank Nifty Daily Chart

Experience is One thing, you can’t get for nothing – Oscar Wilde

Whenever market reaches to top, Euphoria starts building up. By and large every other participant has feeling of greed which drives them to the market, and if they don’t participate now then when they will come. There are group of market analyst who has feeling of fear that if at all they miss this rally then for sure they will be handed over with Pink Slips, so they start projecting higher levels. (We heard 7000+ levels). Few brokerage houses are ready for their Diwali Picks and Projections and ready to push their outlook to support their deteriorating margins. If we just cross check two months back market sentiment than, everything was messy, the same group of people was talking about 4500 levels and now 7000+.

Lets understand where this market is heading for.

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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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