Banknifty view for 12/11

MyKEYtoSENSEX Updated   
Bank Nifty future May trade in the range 28165-29490.
Decision Level :28580.Above & below :Bullish & Bearish .
Above 28580 : 28670/28765/28859/28953/29047/29165/29259/29360/29490
Below 28580 : 28485/28390/28292/28165.

Above 29490 : BNF may test 30316.
Below 28165 : BNF may test 27800.

Some profit booking may come. First level to watch out for 29047/29165.
There is no trend reversal sign as of now. But Daily and weekly chart suggesting some profit booking/consolidation /trend reversal may come.

Disclaimer: Ideas for learning Only
Comment: 290/165 possible
Comment: 290 may be todays low...
Comment: buy near 290-410 for 550/600
Comment: above 460 ...550/600


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