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Saturday, December 11, 2010

Technical View on banknifty for MONDAY 13th DEC


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Bank nifty future saw short covering in last trading session after taking support of 11040 levels. If bank nifty future manages to sustain above 11700 level we can see some more up move from here. One should go for buying above 11700 level. Resistance for bank nifty is at 11700/11860 and support is at 11275/11045 levels.

Resistance levels: It has first resistance close to the level of 11700& after it may face the next resistance close to the level of 11860.

Support: It has first support close to the level of 11615 & after it may get the next support close to the level of 11700.