INTRADAY STOCK TIPS FOR TODAY: Technical View on Bank Nifty (Monday 20 December 10)

Monday, December 20, 2010

Technical View on Bank Nifty (Monday 20 December 10)

Bank nifty saw some recovery after RBI policy and closed near to its days high. Bank nifty manages to sustain above 11700 level we can see up move from here. One should take position after proper break out. Resistance for bank nifty is at 11700/11860 and support is at 11250/11045 levels.

RESISTANCE LEVELS:It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860.

SUPPORT: It has first support close to the level of 11250 & after it may get the next support close to the level of 11045.

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