Monday, March 14, 2011

Nifty Bank Nifty futures: Stuck in Neutral zone

Nifty and Bank Nifty futures are stuck in neutral zone.
The various indicators are at mean levels like Daily RSI at 50 levels. It has been there for last  weeks.

The intraday timeframe though showed weakness y'day. It needs to be seen if that persists below the crucial support levels of 5400 and 10650 levels.

The trend as of now is

14-Mar    Weekly    Daily    180 min    Hourly
Nifty    Lev Sell    Buy    Sell    Sell
               
Bank Nifty    Sell    Buy    Sell    Sell

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