Sunday, 29 January 2012

Outlook of Bank Nifty for 30th Jan


Bank Nifty Future support is placed at 9725 and strong support is seen at 9659. Break of 9659 with volume can retest 9470. The resistance is placed at 9911-9946 and cross over above can target the 200 day SMA at 9963 and then at 10125. I would still suggest to avoid longs on higher levels.

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