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NSE Bank Nifty January Future Levels for 17th January 2013

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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 Future Levels for 17th Jan’13
Pivot Level = 12741
Support1 12586 Resistance1 12830
Support2 12497 Resistance2 12984
Support3 12343 Resistance3 13073