Nifty & Bank Nifty Weekly Technical Outlook for 27th Jan, 2014

Bank Nifty Daily Chart

Bank Nifty Daily Chart  

Nifty Daily Chart

Nifty Daily Chart

 

Patience, persistence and perspiration make an unbeatable combination for success. – Napoleon Hill

What happens when you are extremely hungry and about to start your food and suddenly cell phone starts ringing! Your first reaction would be just to ignore the phone, but your wife looks at the mobile screen and it was none another than your Boss. Now you don’t have a choice but to answer it. And, just to stretch further, if you have to rush for some emergency leaving aside your food, what would be your mental status at that point in time? Exactly, that is what is happening in the markets. Last to last week, it was quite evident that Bears have fare chance to control the game, but that could not materialize, and in last week when it was Bulls who were very close to knock the door of victory they turned down in last Friday. And now it is the situation, where neither party can gulp the bite, and to one more complexity will be added during this week will be expiry.

Let’s take holistic view and see what stand we should take during coming week.

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