Bank Nifty Prediction For Tomorrow 5 October 2010

Bank nifty future as mentioned earlier faced strong resistance near 12750-12790 zone, and resulted in a sell off from this zone. Now on the downside first support is at 12620 and 12525 level and on the upside resistance is at 12750 and 12850 levels. Bank nifty future has closed near the days low and some more sell off may be expected in coming sessions but till it manages to close above 12450 chances of strong pull backs cannot be negated. For intra day we recommend buying at lower levels till it manages to hold 12450 levels.

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