Saturday, April 3, 2010

Bank Nifty Tips- Blasting Recommendations

Bank nifty future in upside consolidation phase & trading very close to the vital resistance point of 9600. Closing above 9600 could lead the bank nifty future till the higher levels of 9710 to 9720. Bank nifty future if sustain these higher levels could ride it till the higher levels of 10050 in near term. In the downside the support range of 9300 to 9330 could play the base support role for this upside breakout. Closing below this support range could drag it till the lower levels of 9150 to 9080 in near term. I recommend for intraday that traders should focus on initiating the longs in bank nifty future above 9600 for target of 9700 in short term.


Posted By Commodity MCX Tips