BANKNIFTY FUTURES opened today on a flat to slightly weak note @ 12350 . It made a brief attempt to rally in the opening session , but was capped @ 12400 , making an intraday high of 12398 in the process. The selling pressure increased as the day progressed and Bank nifty Futures fell all the way towards 12161 mark. It finally closed the day @12252 .
BANKNIFTY FUTURES witnessed the selling pressure today throughout the session , but found support at the 12200 mark . On the down side a break of 12200 level with good volume and momentum , may bring Bank nifty Futures down all the way towards the 11800 mark . On the up side it has to break pass the 12500 mark to move higher towards the 12800 level.
Our view on Bank Nifty is FLAT .
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