Bank nifty has broke the nine months trend line and also broken below the 15 day EMA which is at 9179 and closed at 8996 which is clearly giving an indication that bank nifty has become and bears are taking upper hand. It may be noted that the 50 day EMA is at 8911 and any break below that has chances of taking bankek towards 8200 levels. it may also be noted that during the last nine months bank nifty has taken support of 50 day EMA three times giving an indication that it should be closely watched when it approaches 50 day EMA. so keep a close watch we may get a good trading opportunit at that level.14th December - 11.07 PM IST.
M.Sri Mahidar
Tren is Friend -
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