Monday, December 20, 2010

Bank Nifty Technical Overview for Tuesday 21st Dec 2010

Bank nifty future is not sustaining at higher level .in last trading session its consolidation phase was continue. If it manages to sustain below 11180 level ,we can see some more down fall in it . One should adopted a strategy of sell at higher level until it break the level of 11700 ,support for bank nifty is at 11180/11045 and resistance is at 11445/11700 levels.

RESISTANCE- It has first resistance close to the level of 11445 & after it may face the next resistance close to the level of 11700.

SUPPORT-IT has first support close to the level of 11180& after it may get the next support close to the level of 11045.

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Posted By Commodity MCX Tips