Technical Analysis:Bank Nifty,Pantaloon and Educomp

By | May 9, 2012

Bank Nifty

Bank Nifty has broken its 200 DMA and closed below it.Only saving Grace for Bulls is downward slopping trendline at 9480 has not been breached. Any fall below 9480 open gates to levels 9300 and 9000 in current week.

Sell below 9480 Tgt 9435,9282 and 9038

Buy above 9679 Tgt 9730,9833 and 9924

 

Educomp

168 has given bounceback to educomp almost 3 times as show in below chart.

Sell below 168 Tgt 163 and 154

Buy above 177 Tgt 180,183 and 185

 

Pantaloon Retail

Broke its 50 DMA and is trading below it.

Sell below 151 Tgt 145.8,143 and 140.1

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