CNX-Bank Index closed at 16156.75 on 9-9-2014
SUPPORT: -16084.20
/ 15982.50 / 15973.35 / 15790.25 / 15742.05 / 15740.40 / 15626.90 / 15592.80 / 15503.40 / 15448.90 .
RESISTANCE: - 16208.55 / 16222.55 / 16290 / 16340 /
16428 / 16580—16720.
(Figures
in bold are important)
Index opened on a negative note at
16171.80 and made a high of 16199.10 and then started slipping down and made a
low of 16085.70 before closing the day at 16156.75.Since it is still above the short term DMA therefore it is buy
on dip market but with caution and one should get alert in long trade if it
starts trading below 16057 and exit long trade if it closes below 15660 and
stays. Please note that it has recently made bottom at 15891.75 therefore I
suggest to avoid fresh long call below this point. Kindly note that going up it
will face good resistance at16208.55 / 16263 &16330.
REMARK:- Long term trend is still up,
therefore ,I suggest to buy on dip but with caution and at appropriate level with an adequate stop
loss, avoid long fresh long call below 15891.75. Avoid impulsive trade .
Note: Price stated here
is of spot market
Contact me for strategic guidance to enter
and exit the trade
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