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Monday, January 3, 2011

Banknifty View For 4.1.2011


Banknifty Future opened gap up about 70 points from friday closings 11839.The whole Day banknifty was held between two walls from 880 to 955.When it rech near 950 we were preparing for long but it fell down sharply about 50 points.Technically it did'n give much chance for decision making.During closing it came down and closed weak.


What we expect for tomorrow is a mild gap down opening.The banknifty now has strong hurdle in its up move.The 11960 to 12050 is seems strong ressitance zone and a move down to 11882 may lead a fall about 100 points down it may take support in 11770 level.

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