The week started on a positive note on the back of positive global clues. The Bulls were active right from the initial trades. Expected Bank Nifty to move above the 18400 mark. However, due to mint profit booking towards the flat end, the banking index closed with extra gains of 2.54 percent. The Bank Nifty has managed to cross its major resistance of 18170 – 18200 levels on a closing basis, which shows the strength in the index. Going forward, the Bank Nifty may extend its ongoing move towards 18600 – 18800 levels. On the flip-side, the immediate support for the index is placed at 18150 – 17930 levels.
Submitted June 23, 2015 at 01:08AM by capitalways http://ift.tt/1NgiUdc
No comments:
Post a Comment