The bank Nifty could be moving in an upward moving channel. So long as the support line remains unviolated the upmove could continue. The correction having arrested above the 38.2% fibo level adds strength to the view. Support on the channel now at 10490.
SUPPORT & RESISTANCE LEVELS :-
Resistance :- It has first resistance close to the level of 11700 above this level the next resistance is seen near to the level of 12050.
R1-11658 R2-11733 R3-11808
Support :- It has first support close to the level of 11520 & below this level the next support is seen near 11330 marks.
S1-11507 S2-11432 S3-11357
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