Follow-up call on Bank Nifty - 21122012

Hi,


Did U check out that bank nifty made highs till 12517 (near my 2nd resis - 12515) & also closed above the 1st resis given that day - 12477.

As I had pointed out trade Bank Nifty rather than Nifty since nifty was moving in tandem with it. Though, if you see today's gainers were from other sectors. To be frank I have not checked out charts of Different Sectoral Indices.

The weekly charts are in a trend line wherein they are moving above short-term moving averages.

There is one technical indicator which I have a keen eye on... It is the true trend-setter and rather  I would say Trend - level Giver.

Resis    -  12618 / 12715
Supp    -  12410 / 12354