The bulls are over confident at the moment , about to reach a new high, the course is set unless serious profit booking comes into play and then all the put option taken at 6500 will be in serious quandary.
- Most critical levels: 6390 – 6421, its immediate support and resistance
- Strong resistance: 6446 – 6460
- Major resistance: 6492 – 6501
- Strong support: 6362 – 6338
- Major support: 6315 – 6287
Bank Nifty Outlook
Unless the Bank Nifty falls and stays below 11198-level we need not have any serious concern . On the way up, the zone between 11414 and 11468 would be another potential supply zone the bank bulls would have to take care of. On the downside, the intermediate uptrend does not face any threat of getting ruptured till such the bank bulls can defend the 10920-support area.
- Most critical levels: 11252 and 11176, its immediate support zone as well
- Strong resistance: 11317 – 11396
- Next strong resistance: 11414 – 11468
- Major resistance: 11552 – 11717
- Strong support 11110 – 10091
- Major support: 10923 - 10774