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NSE Bank Nifty December Future for 31st December 2012

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  • Trading as per support and resistance levels may be quite useful for intraday trading in commodities.
  • Resistance is termed as the level where the commodity generally gets some opposite force before it can go further up.
  •  A support is the level where a Commodity get buying interest before it can fall further.
  • Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying/selling.
  • In general, it is advisable to buy the commodities at support levels and sell at the resistance levels.
  • In Intraday, there are few support and resistance levels known as Support1, Support2, Resistance1, Resistance2, etc
Bank Nifty Support and Resistance Future Levels for 31st Dec’12
Pivot Level = 12559
Support1 12515 Resistance1 12610
Support2 12464 Resistance2 12654
Support3 12420 Resistance3 12705