Technical Calls:Bank Nifty,DLF and Bata India

Bank Nifty

Bank Nifty is forming a falling wedge pattern which is bullish but it need to break above 8587 to show the effect of the pattern. Friday it made an attempt to break above 8587 but got resisted with trendline resistance and sellers were active at higher levels.

 

Buy above 8480 Tgt...

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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/

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