Friday, January 7, 2011

Bank Nifty Trend For Monday- technical Analysis

Bank Nifty had sharp fall in last trading session and If it breaks the level of 11040,  we can see more correction in it. One Should take position after proper break out in either side. Support for bank nifty is at 11041 /10920 and Resistance is at 11350/11445 levels.

RESISTANCE: It has first resistance close to the level of 11350 & above this level the next resistance is seen near the 11445 mark.

SUPPORT: It has first support close to the level of 11041 & below this level the next support is seen near 10920 marks.

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Posted By Commodity MCX Tips