Wednesday 11 September 2013

Summary on Andhra bank and Dena bank

Some operator rather i would say some smart money has entered in the counters of andhra bank and dena bank,though nifty had bull run of 400 points these scrips were unmoved but today they have thrown surprises,though its an bullish signal,it can also be a trap as no exit of bears is found,but what supports here is good volumes so risky traders can go long tomorrow if it shows strength with buying pressure during opening hour.
however andhra bank has tough resistance at 56 and 57.3
dena bank has resistance at 53.4.

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