BANK NIFTY TRADING SYSTEM
Open : 10465.00 High : 10800.00
Low : 10371.00 Close : 10457.00
TREND : BEARISH
Bank Nifty Futures just like Nifty Futures traded violently on both sides as the Budget speech progressed. It rallied to an intraday high of 10800 with the speech and slipped immediately with the major market to register an intraday low ow of 10371 , finally closing the session @ 10457.
The support for Bank Nifty comes in between the 10000 – 10200 mark and the resistance is at 10800 – 11000 area. Any breach of this levels on either side with good volumes will move the market on that direction.
We are Bearish on the Bank Nifty . Any rallies should be treated as selling opportunities with appropriate stop loss.
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