Saturday 14 May 2011


Bank Nifty Spot Level

Bank Nifty closed up 11065.  It is not looking bearish but may consolidate in upcoming trading session. If it manages to trade at Resistance 10895 then market would be an upward trend and if it breaks then it would go down by 145 points (10750) and further go down if it breaks this level too.
If it manages to trade below level  11155 then market would be downward trend and if it breaks this level then would be upward trend (130 points) 11290
Support : It has First Support near to the levels of  10895  and below this level near to 10750
Resistance : It has first seen near to11155 and above this level near to 11290

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