Wednesday, August 25, 2010

Nifty and Bank Nifty Trend For 26th August 2010

Nifty as expected has closed below the 5480 mark and now it may be little bearish for the short term, we can expect further correction up to 5450/5420/5380 levels. Below 5380 we may expect further downside to 5350-5250 levels . 5540 is important resistance area on the upside.

  Bank nifty future has closed near the days low at 10947.10 and one may expect further downside up-to 10800-10600 in coming trading sessions. Strong resistance in Bank Nifty Future seems to be around the levels of 11200 . So one may go for sell on rise strategy in it until it close above 11200 level.


Posted By Commodity MCX Tips