For today, the level of 5648 is important. If it manages to maintain above this then it has the potential to go till 5670 / 5700. And Nifty will have support levels 5610 / 5590 / 5560 levels. If the index closes above 5600 then it is a good sign for bulls, but it must hold above 5600 levels.
Bank Nifty Future
Bank Nifty has closed its three days high. For today trading above the level of 11372 is important. Above this level Bank Nifty"s upper levels will be 11400 / 11442 / 11510. Below 11330 the index will find support at 11300 / 11260
A close above 11250 indicates bullish strength in market, positional traders can go fresh long here with stop loss of 11250.
Intra day calls
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.www.goodreturns.in
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