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Wednesday, November 24, 2010

Technical View on Bank Nifty (24th November ‘10)

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Bank nifty future saw a sharp recovery from its support level after heavy selling pressure and closed its resistance level bank nifty future maintain 12460 level we can see further up move from here, resistance for bank nifty future is 12450/12660 and support is at 12018/11900.


Resistance levels It has first resistance close to the level of 12254 & after it may face the next resistance close to the level of 12503.

Support: It has first support close to the level of 11825 & after it may get the next support close to the level of 11645.