Bank Nifty Position For Monday 31 Janaury 2011 (Next Week Trend)

Bank Nifty Future also saw sharp down fall and closed near to its days low. Its down fall will continue in next trading session. One should adopt a strategy of sell at higher level. Support for Bank Nifty Future is at 10555/10385 and It has Resistance is at 10950/11255 levels.

RESISTANCE: It has first resistance close to the level of 10950 & above this level the next resistance is seen near the 11255 mark.

SUPPORT: It has first support close to the level of 10955 & below this level the next support is seen near 10338 marks.

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Bank Nifty Position for 25 January 2011

  Bank Nifty saw good recovery in last trading session after good result of ICICI Bank and its up move will continue in coming session If it breaks 11185 level. One should take position after proper break out. Resistance for Bank Nifty Future is at 11185/11325 and Support is at 10990/10745 levels

  RESISTANCE: It has first resistance close to the level of 11185 & above this level the next resistance is seen near the 11325 mark.
  SUPPORT: It has first support close to the level of 10990 & below this level the next support is seen near 10745 marks. 

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Bank Nifty Position For Monday

Bank nifty future saw smart pull back in last trading session but still manages its long consolidation phase. one should take position after proper break out on either side. 11735 is major resistance level if it manages to sustain above this level it can take more up move from there.

RESISTANCE- It has first resistance close to the level of 11735 & above this mark the next resistance is seen close to the level of 11850.

SUPPORT: It has immediate support at 11345 marks & below this level the next support is seen close to the level of 11180.

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Bank Nifty Futures- Position for Tomorrow (23rd Sept 2010)

 Bank Nifty Future is holding the upper levels and today made strong recovery after the some sort of correction and in the end made closing in the green zone. Now the next technical resistance for Bank nifty future seems close to the levels of 12360 to 12365. Decisive closing above this resistance zone may take up the bank nifty future for the level of 12500 in near run. the immediate support for Bank Nifty future seems close to the level of 12150. Decisive closing below this support may slip it till the levels of 12090 to 12100 in near run.

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Bank Nifty Position (21 September '10)

Bank nifty future today made a strong come back close to the level of 12090 to 12100 and in the end made strong closing in green zone. As we already recommended in our previous reports that the next technical resistance for bank nifty future seems in the resistance zone of 12240 to 12250. Today it made decisive closing above this resistance zone, so may we expect more up moves in it from here onwards. The next technical resistance for bank nifty future seems close to the levels of 12360 to 12365. Decisive closing above this resistance zone may lead the bank nifty future towards the level of 12500 in near run. The immediate support for bank nifty future seems close to the levels of 12090 to 12100. Decisive closing below this support zone may make it slip till the lower level of 11990 in near run.

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