BANK NIFTY TRADING SYSTEM – 03-03-2011
Open : 10850.00 High : 11120.00
Low : 10783.00 Close : 10940.00
TREND : NEUTRAL
Bank Nifty Futures ended the session almost neutral @ 10940. It made an intraday high of 11120 , but met with some heavy selling bringing it down swiftly towards the intraday low of 10783.
There is a major resistance @ 11250 , breaking of which will lead it higher towards the 11800 zone. On the down side the minor support now comes in at 10500 level , and breaching of this level with good volumes will bring it down all the way towards the major support of 10000 mark.
We are Neutral on the Bank Nifty.
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