Live Market

Tuesday, July 19, 2011

Banknifty View for 20.07.2011

The Morning when we saw the nifty opening high made at 5662 we gone long in bank nifty around 11224 and exited in 260 level and also made 2 sell in 11370+level and covered the same in 325+345 levels respectively.We also sold in nifty around 640 and covered the same in 616.

Though the nifty made opening high 5662 and afterwards it fell down to day low 5561 and again shoot up to 640 level and lastly traded near 620.The SBI made a certain jump up and pulled up the Bn and made a running gap up and touched a days high of 11379.The 11200 level now seems to be a support for bn.The 400 level attract fresh it may again crawls sideways between these level.