Tuesday, October 11, 2011

Bank Nifty: Above 9350 & 9450 banknifty will see real short covering.  If Banknifty trades below 9000 if may see selling towards 8675>>8300


Nifty is facing some selling pressure at 5050 levels. But don't hold your shorts if nifty trades above 5050. Only 10days more for this contract. FII's data not clear, buying and selling in nifty futures but no change in open interest. But Bank nifty is at strong resistance I will post chart for your reference.




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