Technical Analysis:Bank Nifty,Infosys and RIL

By | November 16, 2011

 

Bank Nifty

Bank Nifty is near its crucial support of 9000 which comes as an trendline support break of the same will lead to 8774 levels again and break of swing low of 8626.

Buy above 9152 Tgt 9242,9320 and 9398

Sell below 9062 Tgt 9000,8906 and 8818

Infosys

Infosys is forming a lower top formation 2900-2781 levels.break of 2781 will lead to 2700 in 1-2 days

200 DMA@2810 move above this will end formation of lower tops and end the short term bearsihness

Buy above 2820 Tgt 2838 and 2856

Sell below 2780 Tgt 2761,2741 and 2700

Reliance

RIL is back to its lower end of trading range 895-850. Technically its a contracting triangle and break of 850 will lead to lower trend lines as shown in above post

Buy above 865 TGt 874,886 and 895

Sell below 852 Tgt 843 and 830

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