Technicals Call:Bank Nifty and RIL

By | January 27, 2012

Bank Nifty

 

Bank Nifty will face litmus test today.200 SMA @9466 High till now is 9455.  Bank Nifty was a good short in opening but i was unable to update timely.

Sell below 9721 Tgt 9698 and 9634

 

Reliance Industries

RIL moved above 100 SMA@792 in morning and made a move till 812 till now.

Intra Players Short around 812-816 Range Keep Sl of 821 Tgt 808,800 and 792

Positional Players wait for 830-840 range to where cluster of trend line are meeting to take positional shorts.

 

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