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September 13, 2012

NIFTY SAR AT 5348

NIFTY SAR is at 5348. Bank NIFTY SAR is at 10100. Last time Bank was around 10500-600, with Nifty at this level. This shows the weakness in banks.

September 12, 2012

September 11, 2012

BankNifty below its SAR

Bank Nifty has opened below its SAR (10070). Bank is not showing any strength.

September 9, 2012

NIFTY SAR at 5305

NIFTY has crossed 10,20,50d EMA convincingly. NIFTY SAR now stands at 5305, so hold it till it remains above the SAR. Bank Nifty closed just below its 20D EMA.