Bank nifty future as mentioned earlier faced strong resistance near 12750-12790 zone, and resulted in a sell off from this zone. Now on the downside first support is at 12620 and 12525 level and on the upside resistance is at 12750 and 12850 levels. Bank nifty future has been trading in this band of 12790-12620 for last few trading sessions and is expected to remain in this band for some more time, before it breaks on either side. For intra day we recommend buying at lower levels till it manages to hold 12600 levels.
Wednesday, October 6, 2010
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