Monday, 29 July 2013


BANK NIFTY FUTURE (Last close 10533.55)
The counter closed the week losing over 450 points amid high volatility and intra week swing of about 900 points after the RBI’s measures to contain rupee slide by restricting banks to access funds. The counter this week may remain in the range of 10257-10809, break above it may move up to 10898/11021 or else break below it may slide to 10169/10089. For today’s trading the counter may remain under pressure and slide further to 10468/10410. Strong resistance for the counter exists at 10581.75 which if crossed with volumes then it may move up to 10654/10693.

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