Bank nifty is looking to be in the upside consolidation for some more times from here. We could expect that it could take the huge resistance around the level of 9200. Closing above that level could take it the level of 9300 to it in upside. In the banking stocks we had seen the range bound movement in SBI and also in some major stocks. Looking like to hold this present range for some time. We recommend long position in banking stocks and also in bank nifty future at every decline not on high side.
Saturday, March 6, 2010
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