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Wednesday, January 4, 2012

Nifty and Bank Nifty 4 hourly charts for 12th Dec 2011


Nifty 4 Hourly Charts
Though Nifty and Bank Nifty is in sell mode on the 90 min charts. When looking into the Higher timeframe charts i.e on 4 hourly charts both the nifty and bank nifty are at the extreme ends of the ichimoku cloud supports. There is a possibility of Nifty and Bank Nifty holding these supports. Nifty Supports coming around 4866 and Bank Nifty at 8786.
Bank Nifty 4 hourly charts

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