Nifty and Bank Nifty Technical Levels for 15 April

By | April 14, 2011

Nifty Hourly Charts

Nifty showed a tremendous move on Wednesday after 5 days of downfall and

Nifty Hourly Charts moved back to buy as per the trading system and also moving into a vertical channel.

As said in Nifty Weekly Analysis 5777  on closing basis should be SL for longs.

Always give prefrence to Higher Time frame(Weekly) above daily and Hourly for your trading decisions.

Now looking at Hourly chart we are trading in channel and move above 5923 can take us to 5945 and 6000 levels

Nifty Daily Chart

On Daily Charts we are facing resistance at downward slopping trendline which will get resisted around 5945 levels and this needs to be crossed for furthur upmove on Nifty.

Stochastic has again moved above 80 which can give more power to BULLS

Buy above 5923 Tgt 5944,5978 and 6044 SL 5887

All are Spot Levels

 

Bank Nifty Hourly Chart

Bank Nifty on Hourly

 

Bank Nifty Daily Chart

Bank Nifty has again trading in a range of 11500 and 11900.

Bank Nifty needs to break 11900 to continue its up move furthur

Buy above 11900 Tgt 11967 and 12100

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