Saturday, October 8, 2011

Bank Nifty - Update


Bank Nifty has been trading at newer lows once it breached 10,000 mark on weekly closing basis. Bank Nifty needs to trade above 9200 and close above 9750 on weekly basis for bullishness to  return in the next 2-3 weeks. Below 9200, Bank Nifty is weak and could find support around 8250 levels.

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