Thursday, January 20, 2011

Bank Nifty Outlook For 21 January 2011

Bank Nifty has seen smart recovery from its bottom and closed near to its resistance level. It may take up move in coming trading session. One should wait for proper break out on either side. Resistance for Bank Nifty is at 10955/11080 whereas support is at 10745/10500 levels.  

RESISTANCE: It has first resistance close to the level of 10955 & above this level the next resistance is seen near the 11080 mark. 
SUPPORT: It has first support close to the level of 10745 & below this level the next support is seen near 10500 marks.  

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Posted By Commodity MCX Tips