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Thursday, October 21, 2010

Nifty 50 and Bank Nifty Technical Review for 22nd Oct.

Nifty future looks to have taken support near 5985 levels and has closed near the days high. Nifty future may now further move up towards 61 50 to 6220 levels if manages to stay above 6080 levels. Support for nifty future is at 6080/6000 levels and resistance is at 6150/6220 levels.
          
Bank Nifty future looks to have taken support near 12200 levels and has closed near the days high. Bank nifty future may now further move up towards 12620 to 12685 levels if manages to stay above 12400 levels. Support for bank nifty future is at 12400/12220 levels and resistance is at 12620/12685 levels.

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