Yesterday Nifty bounced from 50D SMA. Now the range to watch will be 5250-5200 on lower side and 5350 on higher side.
August 31, 2012
August 29, 2012
Nifty trailing below its SAR
Without participation of BankNifty, Nifty could not hold itself above 5400 for long and crossed its SAR and is trailing near its 20D SMA. Holding 5300 will be crucial. BankNifty has gone down too much.
August 24, 2012
SAR FOR NIFTY AT 5366
Nifty has broken the 5400 level in the morning trade and it is to be seen if it holds SAR at 5366 or not. Bank Nifty has not participated in this rally (courtesy NPA's of SBI) and is already below its SAR.
August 22, 2012
Nifty crosses 5400
After moving in a range Nifty finally crossed 5400 and closed at 5420. Bank nifty is still struggling to break the range. Without its support jumps are not expected.
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