Monday, September 20, 2010

Bank Nifty Position (21 September '10)

Bank nifty future today made a strong come back close to the level of 12090 to 12100 and in the end made strong closing in green zone. As we already recommended in our previous reports that the next technical resistance for bank nifty future seems in the resistance zone of 12240 to 12250. Today it made decisive closing above this resistance zone, so may we expect more up moves in it from here onwards. The next technical resistance for bank nifty future seems close to the levels of 12360 to 12365. Decisive closing above this resistance zone may lead the bank nifty future towards the level of 12500 in near run. The immediate support for bank nifty future seems close to the levels of 12090 to 12100. Decisive closing below this support zone may make it slip till the lower level of 11990 in near run.


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Posted By Commodity MCX Tips