Bank nifty needs to get past the range between 10195 through 10280 zone; once it does that successfully we can expect further continuation of this rally. Its next resistance would be the zone between 10370 and 10430. However, a sustainable uptrend can happen only when it crosses 10560 through 10625 major resistance zone. In the case it goes down today, the range between 9945 and 9834 would act as a potentially strong support area.
- Most critical levels for the day: 10195 – 10280
- Strong resistance: 10370 – 10430
- Major resistance: 10560 – 10625
- Immediate support: 10130 – 10010
- Strong support: 9945 – 9934
- Major support: 9850 - 9782