Nifty Future should trade above 5190 to hold its bull strength; and close should be above 5155 levels.
Bank Nifty Future (Refer chart - Bank Nifty)
Bank Nifty Future has bottom level support at 10250 level at higher levels it has major resistance at 10570
Supports – 10250/10192/10150
Resistances – 10380/10420/10476/10570
Buy above Rs 337
stop loss Rs 333
Target Rs 342
Buy above Rs 113
Stop loss Rs 111.50
Target Rs 115
Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in the share broking industry. He is a contributing writer for www.goodreturns.in. You can contact him at rajeshvravanappan (at) gmail (dot) com
If you would also like to contribute or send us a feedback, then e-mail to money (at) oneindia (dot) co (dot) in
GoodReturns.in DISCLAIMER: The views expressed in this article are the views of the author and do not reflect the views of our company. GoodReturns.in does not take any responsibility for any losses incurred by investors who take their cues from the above article.