Scribd Logo
Upload

Welcome to Scribd!

  • BANK NIFTY (August Fut) : Daily Chart

    Uploaded by

    Tirthajit Sinha
    19 views2 pages
    The document recommends buying Bank Nifty (August Futures) based on the following: 1) Bank Nifty has broken out of a long consolidation range between 15,700-14,800. 2) It has broken above strong resistance at 15,700. 3) Volume on the previous session increased, validating the breakout. Traders are advised to buy between the current price and 15,740, aiming for a target of 16,150 over the next 3-4 sessions, with a stop loss of 15,550.

    Original Description:

    analysis

    Original Title

    Techno i Bank Nifty 220814

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document recommends buying Bank Nifty (August Futures) based on the following: 1) Bank Nifty has broken out of a long consolidation range between 15,700-14,800. 2) It has broken above strong resistance at 15,700. 3) Volume on the previous session increased, validating the breakout. Traders are advised to buy between the current price and 15,740, aiming for a target of 16,150 over the next 3-4 sessions, with a stop loss of 15,550.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    19 views2 pages

    BANK NIFTY (August Fut) : Daily Chart

    Uploaded by

    Tirthajit Sinha
    The document recommends buying Bank Nifty (August Futures) based on the following: 1) Bank Nifty has broken out of a long consolidation range between 15,700-14,800. 2) It has broken above strong resistance at 15,700. 3) Volume on the previous session increased, validating the breakout. Traders are advised to buy between the current price and 15,740, aiming for a target of 16,150 over the next 3-4 sessions, with a stop loss of 15,550.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    BANK NIFTY (August Fut)

    August 22, 2014


    `16,150 `15,790 - `15,740 `15,550 BUY
    After a long consolidation, the Bank Nifty is coming out from the congestion zone of 15700 14800.
    We are now observing a breakout from the stiff resistance of the Horizontal Line above the 15700 mark.
    During the previous session, the volume activity to picked up substantially, adding credence to the breakout.
    Considering the positive placement of daily momentum oscillators, we advice traders to buy Bank Nifty (August
    Future) from current level to a decline up to 15,740 for a target of 16,150 in coming 3 4 trading sessions. The
    stop loss for this trade set up can be kept at 15,550.
    15,450 15,550 15,880 16,150
    Bullish
    DAILY CHART
    Source: Falcon (Chart time IST 10.00)




    Date Stocks Recom. Buying/ Selling CMP Ta rget 1 Ta rget 2 Stop- loss Sta tus

    You might also like