Last week we clearly mention that bank nifty having a good resistance in a range of 11600-650 if any negative close near to this level then one can go in sell side with this range as sl, and see bank nifty able to fall near 11000 level.
With the current bank nifty chart we can see that, it has also taken a support on trend line, and able to give positive close here, and RSI is also on support level, so this can indicate that bank nifty still having support at 11000-10950 level, if it move below this range then only we can think for selling now, and if it give close below this levels then we can even hold positional sell, but till the level is not broken we can stay at long side.
One can go in long above 11250 in bank nifty with 11000 as a support if bank nifty able to give green close on Monday then we can see upper levels till 11450-11650 also, but if bank nifty not able to cross 11250 in 1st hour of trading on Monday then one can take sell position here with 11250 as sl, and look for buying near 11000-10950 level, breaking 11250 will give entry to the bull traders.
LAST WEEK CALLS PERFORMANCE
AARTI DRUGS 225 TO 232
APOLLO HOS 950 TO 988
PHILIP CARBON 62 TO 66
CALLS FOR THE CURRENT WEEK
Buy RANBAXY above 482 close sl 435 target 525-585
Buy ASHOKLEYLAND above 19.50 close sl 16.50 target 25-28
Buy SHOBHA DEV. Above 338 sl 305 target 355-385
Buy BIOCON above 490 sl 460 target 525-555
Buy J KUMAR INFRA above 212 sl 185 target 235-255
Buy DEN NETWORKS above 170 close sl 140 target 200-235
Buy GOA CARBON above 78 sl 70 target 90-105