BANK NIFTY TRADING SYSTEM – 04-03-2011
Open : 11032.00 High : 11155.00
Low : 10919.00 Close : 10985.00
TREND : NEUTRAL
Bank Nifty Futures ended the session almost unchanged @ 10985. It made an intraday high of 11155 , but met with some selling pressure on back of mid east crisis.
There is a major resistance @ 11250 , after which the next resistance @ 11800 zone. On the down side the minor support is at 10500 level , and breaching of this level with good volumes and momentum 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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