August 17, 2011

BANK NIFTY Futures support and resistance lines

CHART-II UPDATED
  • Break of 9939 gave 9855. For bulls price has to stay above 9939 otherwise selling pressure will be there. Taking out 9855 again will give another Dip in favor of bears.
CHART-I
  • Bears will be stronger below 9939.
  • Break of the resistance line can give an up move in favor of bulls.

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