Bank Nifty continues to show weakness...susceptible for big falls.

1. RIL 2. SBI 3. Tata Steel.
In view of +ve divergences appearing in many stocks and some indices, a bounce is expected. Earlier 9400-9440 has acted as strong support and the same may be attempted.
A "Pause" in the fall, "profit booking by Bears" for few days.

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Bank Nifty towards 8550...& trading opps.

Bank Nifty is falling after a "Head & Shoulder" formation, broken the neckline, pulled back and poised for the big plunge...to 8550 (As shown in the previous post)

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Technical Analysis - Nifty, Bank Nifty, Stocks.

You may view the Technical Analysis of Nifty, Bank Nifty by downloading the files from the top right corner of this blog.
For stocks, Sundar's TA file is uploaded.
For NF stocks, Rajagopal's file is being uploaded.(By 7.30PM)

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