****Wish You A very Happy New Year 2011****
Bank nifty broke its long consolidation phase, it is good sign of recovery. And closed near to its day's high of 11875. If it sustain above 11875 level we can see some more up move till 12050 levels. One should adopt the strategy of buy on dip. Resistance for bank nifty is at 11927/12050 and support is at 11680/11575.
RESISTANCE: It has first resistance close to the level of 11927 & above this level the next resistance is seen near the 12050 mark.
SUPPORT: It has first support close to the level of 11680 & below this level the next support is seen near 11575 mark.
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