Live Market

Friday, November 19, 2010

The Banknifty fell down to 12020 level form its day high of 12375.We started selling from the opening and gained 150 points+ in intraday.The range bound trading was over powered by the bears and broken down and took support at 12000 level.The nifty also broken the 5934 & 5878 and huge selling seen during closing.
The bank of china hiked the Reverse Repo by 50bps.Now our banking stocks is in falling phase and more selling pressure will be seen on the coming days.

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