BANK NIFTY FUT VIEW FOR 13/11/2014

Bank Nifty ended on positive note; on the higher end it crossed above the
resistance of 17700, however closed below it. On the lower end 17500 acted
as support. The rise in price backed by increased volume suggests long
addition in the contract. On the higher end if the contract sustain above
17700, it may move towards 18000. On the other hand supports are pegged
at 17500/17300.

nifty view for 13/11/2014

Nifty started higher and remained mostly sideward throughout the trading
session. A sideward movement backed by fair volume may be indication of
long unwinding. In the daily candle chart an upper wick is visible which
also suggests possibility of profit booking at the higher levels. On the lower
end falling price may find support at 8370; sustain below which may create
more selling pressure in the market; below 8370 price may drift down
towards 8330-8290 whereas above 8415 the trend will be reversed.