Saturday, 15 October 2011

Analysis on Bank Nifty for 17th Oct


Bank Nifty Future's resistance now comes at 9860-9954. Couple of closes above 9684 is required for a fresh bull range and will target 9954 zone in coming days. 


Immediate support now comes at 9684 if breaks and sustains below then we can see selling pressure towards 9482-9422 mark again. My advice is caution unless and until we get couple of closing above 9684.

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