Monday, September 13, 2010

Bank Nifty Review and Trading Recommendations for 14 September

Bank nifty future registered the very strong session today and in the end made closing in the green zone. Now Bank Nifty Future may make more upside moves from here. The next technical resistance for bank nifty future seems close to the levels of 11910 to 11920. Decisive closing above this resistance zone may take up it till the level of 12000 in near run. In the downside the immediate short term support for bank nifty future seems close to the level of 11240 to 11250. Decisive closing below this support zone may drag it till the lower level of 11100 in near run. For intra day trading we recommend long position in bank nifty future from the current levels for the targets of 11910, 12000 with the intra day SL around 11780.


Posted By Commodity MCX Tips