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.
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.
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