Thursday, December 2, 2010

Bank Nifty Trading Strategy For Friday

Bank nifty future traded in a narrow range and consolidated but overall trend is bullish , bank nifty future closed near to its days high. If it manages to sustain above 12670 level it can take some more up move from here. Resistance for bank nifty is at 12670/12850 and support is at the level of 12300/12185.
  
Resistance- It has first resistance close to the level of 12245 & after it may face the next resistance close to the level of 12670.

Support- It has first support close to the level of 12185 & after it may get the next support close to the level of 12100 

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Posted By Commodity MCX Tips