Nifty and Bank Nifty is in sell mode since 9th Nov 2011 and almost all the shorter term indicators are in oversold period for long period of time.
Nifty is near the cloud and the resistance at 4795.
Bank Nifty is within the Ichimoku cloud but still in sell mode and currently the resistance is 8585.
2 Replies to “Nifty and Bank Nifty 90 min charts update for…”
the move from 4628 looks like a zigzag, internals of zigzag should have 5-3-5 waves. As of now we have done with a 5 wave and a 3 wave. so expect a 5 wave upmove to start on monday
please refer http://www.leadingstar.weebly.com for dowjones observations and post your comments on the possiblities?