Technical Levels on Bank Nifty,TCS and Sesa Goa

By | December 6, 2010

Bank Nifty

Bank Nifty forming a ascending triangle formation with upper trendline acting as resistance with 50 DMA acting as resistance and lower trendline acting as support

Bank Nifty is a buy only above todays high and Sell below lower trendline level

Buy above 12429 Tgt 12582 and 12734

Sell Below 12000 Tgt 11898 ,11746 and 11480

Sesa Goa

Sesa Goa is forming higher top and higher bottom formation on daily chart and with a good positive divergence in RSI

Buy above 305 Tgt 310,318 and 322

TCS

TCS forming triple formation around 1100-1110 levels with a huge negative divergence in RSI.

Sell below 1110 Tgt 1094,1087 and 1079

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