Wednesday, 23 November 2011

Outlook of Bank Nifty for 23rd Nov


Bank Nifty Future immediate resistance now comes at 8637-8694-8710. Cross over above is safe for bulls to retest of 8887-8956. Immediate downside support comes way down at 8262- 8180 and closing below 8637 may even target that zone by next expiry. Traders are advised to add shorts in sharp pull-backs.

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