Bank nifty has made the good upside breakout above 9200 but did not made the closing above and also not getting the volume accumulation at higher levels. In it as we had discussed that it could be in upside consolidation for the week it happens. Now in this week we recommend sell on higher levels in bank nifty future. It might face the resistance at higher levels and could be in the range of 9095 to 9345. Above 9345 we could expect the target of 94440 in it. The good support base seems to be at the level of 8990 to 9000 for it.
Saturday, March 13, 2010
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