Wednesday, December 8, 2010

BANK NIFTY TRADING SYSTEM

BANK NIFTY TRADING SYSTEM

Open : 11735.00 High : 11735.00
Low : 11455.00 Close : 11514.00

TREND : BEARISH

Bank Nifty Futures held the major support of 11400 and closed the day near the major support zone of 11514. It is in the process of making a double bottom formation and is expected to correct towards the 12000 mark. A close above the 12200 mark with good volumes will bring it back above the 12600 area with some positive bias.

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