Wednesday, 30 November 2011

Outcome of Nifty & Bank Nifty for 29th Nov


Nifty Future had mentioned immediate resistance of 4880-4890 also suggested rallies to these levels can be used for shorts.  Verify Nifty future resisted between 4880-4890 and dragged down to the bottom support mentioned near 4774.
Bank Nifty Future had mentioned immediate resistance at 8886 & minor support comes at 8710-8694 and break below with volume will drag it to the strong support of 8637. Verify failed to cross 8886 and a break below 8694 witnessed selling even below 8600.

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