Monday, December 19, 2011

Free Bank Nifty Intraday Tips

Weekly: As mentioned in this column, strong resistance of 8800-9000 and remain below weakness continue. Now we may consider strong support at 8100-8200, decisively break with volume, another round of panic expected. Higher level resistance at 8500-8550.
Today: Bank Nifty opened positively and was showing very volatile situation in the market with the effect of CRR POLICY. Its result is unchanged. It came in correction situation in the market, and at the end it closed negatively. Technically below 8838, we can see weakness around 7550. Now we may consider support at 8127-8000-7958 and resistance at 8300-8500-8626.

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