Bank Nifty - Make or Break point

Bank Nifty has broken the SAR at 10d EMA yesterday. It may cross the trendlines on either side in the coming days. Whereas Nifty has not broken the SAR or trendline yet.

Nifty retracing

Nifty after mildly crossing the 5348 levels has retraced and hovering at 5310 levels. Bank nifty has broken the SAR on the back of SBI's expected results .

Nifty hovering around 5348

Nifty has not crossed its recent high of 5348 convincingly. This morning also it is hovering around the mark and facing resistance here.

Nifty holds

Nifty has moved way above 10D,20D & 50D Ema. It is in positive territory till it holds 5210 spot. Next hurdle will be recent high of 5348.