IF US FED announces QE 3 that will fuel inflation in Emerging market economy with rise in commodity prices.
Printing money will never solve problems it is just a life supporting on death bed of US economy.
Bank NIfty have been trading in 9260-9972 range for most part of this series.
Break above 9972 will open target till 10300 till expiry
Buy above 9972 TGt 10000.10054,10145
Sell below 9900 Tgt 9850,9809 and 9746
Break of the same will lead to spurt in nifty till 5196 levels.
Above 5230 Nifty will lead to gap filling till 5320 level.
On Downside first sign of weakness will emerge below 5094.
Below 5007 the Uptrend trend will get terminated.
Buy above 5170 Tgt 5196,5230 and 5250
Sell below 5110 Tgt 5078,5047,5015