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Wednesday, October 13, 2010

Bank Nifty Recommendation with Resistance and Support Levels

Bank nifty future closed on a strong note above 12800 in the last trading session. 

Now on the upside resistance is at 13000/13150 levels and on the downside support is at 12750 and 12650 levels. We recommend buying on dips with strict stoploss of 12650. 

Resistance: It has first resistance close to the level of 13000 and after it may face the next resistance close to the level of 13150. 

Support: It has first support close to the level of 12750 and after it may get the next support close to the level of 12650.

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