Bank Nifty Future Levels for 28th November 2011

Indonesia stock info - Bank Nifty Future Levels for 28th November 2011 ; Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8300-8710. Bank nifty futures can go down till the level of 8190 once it breaks the level of 8300. On the opposite side once breaking the level of 8555, it is expected to go upward till the level of 8710. Bank nifty will be trading between the narrow ranges of 8300-8555.

Support and Resistance

_. Trading as per support and resistance levels may be quite useful for intraday trading in equity market.

-. Resistance is termed as the level where the equity/index generally gets some opposite force before it can go further up.

-. A support is the level where a stock get buying interest before it can fall further.

-. Under the normal market conditions or in the absense of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying/selling.

-. In general, it is advisable to buy the stocks at support levels and sell at the resistance levels.

-. In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc.

Bank Nifty Future Levels for 28th November 2011 are as follows:

Pivot = 8460
Resistance 1 = 8568
Resistance 2 = 8654
Resistance 3 = 8762
Support 1 = 8374
Support 2 = 8266
Support 3 = 8180
Bank Nifty Future Trend: Bearish (Long-Term & Short-Term)


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