Technical Calls:Bank Nifty and Bajaj Auto

By | March 29, 2012

Bank Nifty

Nifty made double bottom yesterday at 5171 but Bank nifty broke the previous swing low 9939 and made a new swing low of 9901.

Buy above 9994 Tgt 10087,10215 and 10308

Sell below 9901 Tgt 9850,9773 and 9646

Bajaj Auto

Classic Example of Resistance becoming Support. 1638 low held stock will show a bounce back,break of 1638 1600 will come today.

Buy above 1642 Tgt 1652,1663 and 1682

Sell below 1638 Tgt 1615,1595 1567

 

 

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