Monday, December 20, 2010

BANK NIFTY LEVELS FOR 21st DECEMBER TOMORROW


The banknifty

 may find difficult to cross the 11740 level.One can avoid long near this level.Once it cross the 11800 level it may act very bullish.In my view the banknifty may fall down from it 11600 level to 11400 level and trade side ways...if Nifty go beyond the 6020 level banknifty may move up aggersively...This is waht i wrote in my friday's post.The banknifty opened today gap down in 11400 and fell down considerably..to 11274 level and again bounced up and crossed the day high 400 to 11444 and fell down to new days low to 11260 and that was the days low cum last traded price.
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INTRADAY TIPS FOR 21st DEC

Buy CIPLA around 365 SL 361 TGT 371-373+

Sell ORIENTBANK blw 395 SL 398.50 TGT 390-387+
Short RELINFRA around 813-815 SL 826 TGT 805-795+ 

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