Tuesday, March 1, 2011

BANK NIFTY TRADING SYSTEM ( 01 MAR )

BANK NIFTY TRADING SYSTEM

Open : 10543.00 High : 10942.00
Low : 10520.00 Close : 10942.00

TREND : NEUTRAL

Bank Nifty Futures led the rally post Budget, closing up by almost 500 points @ 10942.The support for Bank Nifty is between the 10000 – 10200 mark and the resistance is at 10800 – 11000 area. Any breach of this levels on either side with good volumes and positive momentum will move the market on that direction.

We are Neutral on the Bank Nifty

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