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Tuesday, December 14, 2010

View For !5-12-2010

The Banknifty floated well in 11600 level.Though it touched the days low 11470 and again touched days new high of 11675 and lastly traded in 11574.

The Banknifty now strong above 11640 level one should not remain short if move ahead of this level and will be weak below 11470 level.Last 3 days the banknifty sustaining well in 11400-600 level and it seems its ready to explode to 11800 again.

The Nifty now struck in range bound and unable to move fast above its resistance area i.e. 5990-6015.if Move above this level it may lead all the index's to further hights and the present correction will be suspended.

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