Intraday Tips
BANK NIFTY
Weekly: Last week, strong move was seen and it finally closed above the resistance level of 9000. As long as holds 9000, up-move to continue and further it will test the 9500-9750 mark. Whereas the reversal cannot be ruled out again. Weekly Trend Decider: 8956 - Major support at 8300-8325, and reversal to buy side.
Today: Bank Nifty opened negatively and was showing very volatile situation in the market. At the end, it closed negatively. It tried to cross the 8500 level, but at the end was unable to maintain above that level, and closed below that level. Let's check out CRR POLICY effect in the market. Technically below 8838, can see weakness in that; and above 9100, we can see positivity. Now we may consider support at 8375-8300-8240 and resistance at 8500-8626-8810.
YS2GWKGURZ7M
