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Monday, January 31, 2011

Bank Nifty Intraday Views For Tomorrow 01-Feb 2011

Bank nifty had a volatile trading session it moved and remained in the range of 10440-10722. Bank Nifty Futures closed at 10660, up 24.05 points or 0.23 %.In bank sector Canara Bank, Bank of Baroda and Union Bank of India lead the row which made bank nifty to close into green. It is looking bearish in the coming trading session if it manages to trade below the support of 10385 else it has resistance at 10760 above this level it would be bullish in trend.

RESISTANCE: It has first resistance close to the level of 10760 & after it may face the next resistance close to the level of 10850.

SUPPORT: It has first support close to the level of 10385 & after it may get the next support close to the level of 10270. 

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