These are weekly chart of Nifty & Banknifty.
Nifty is taking support @ 5611. A long can initaited @ 5611 for the target of 5700, 5752. A weekly close below 5611 will drag it to 5514, and then to 5489 levels.
Bank nifty is taking support @ 11106 level. A long can be initiated @ 11106 with Sl 11000 for the target of 11820.
A closing below 11106 will drag it to 10800
In Nifty 5611 level is to watch on Friday (02/11/2012) closing basis. If the price is closing below 5611 then definitely nifty will drag to lower levels mentioned above.
In Banknifty also closing below 11106 level is essential for it to drag down to the lower levels mentioned above.
Nifty is taking support @ 5611. A long can initaited @ 5611 for the target of 5700, 5752. A weekly close below 5611 will drag it to 5514, and then to 5489 levels.
Bank nifty is taking support @ 11106 level. A long can be initiated @ 11106 with Sl 11000 for the target of 11820.
A closing below 11106 will drag it to 10800
In Nifty 5611 level is to watch on Friday (02/11/2012) closing basis. If the price is closing below 5611 then definitely nifty will drag to lower levels mentioned above.
In Banknifty also closing below 11106 level is essential for it to drag down to the lower levels mentioned above.
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