BankNifty Trading tips 10th Jan 2012

BankNifty Trading tips 10th Jan 2012 : Markets trading in a very narrow range since last week. Nifty trading in a range between 4680-4800 and testing the patience of the day traders. Until it comes out of the range and forms a trend it is not suggestible to take heavy trades.

BankNifty trades in a 200 point range between 8300 and 8500. BankNIfty is forming a symmetric triangular pattern in the day charts but getting narrowed. So fingers crossed for upside move above 8500.

Technical Levels – 8150 – 8200 – 8360 – 8500 – 8670.

8670 also holds to be the Monthly 50 Ema which is quite significant. For the latest updates on the stock market, visit Stock Market Today