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BankNifty Spot
12680-12630 Strong support zone.
Crossover 12742 May rally up to 12790-12822.
LIC Housing
Support at 280-282.
If holds then may rally up to 288-290.
Break below 280 may slide up to 274-272.
Ambuja Cement
Looks weak below 203.
Sell on rise.
Closing below 194 will confirm breakout below
symmetrical triangle which will take up to 181-175.
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BankNifty spot
Crossover 12794 rally up to 12822
12830-12849 is Resistance zone.
12734-12720 Intraday support.
Break below 12706 Expect slides up to 12690
Support at 12690-12660
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BankNifty- its early stage of reversal which 12250. suppose not and free fall to 12,280. Some volatility before trend asserts. Just watch Chart closely.
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Yesterday mentioned that below 11454 it would dip up to
11431 and crossover above 11495 see blast up to 11542.
Banknifty made low at 11427 and high at 11568.45 and
closed at 11539.05.
Now for today…
Above 11454 No worry for bulls and crossover 11572 see
blast up to 11592-11646-11680.
11522-11485 support for intraday.
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Bank Nifty (Spot) Tips
Break below 11454 will take it to 11431-11407.
11370-11402 support for short term trend.
Crossover 11495 may take it to 11520-11542.
11370-11402 good support for short term trend.
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(Updated on 01-11-2012 at 08.35 AM)
Sell on rise below 11380
11308-11331 Intraday hurdle.
Break below 11229 may take it up to 11205-11186.
If sustains below 11180 then see panic up to 11142-11104.
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