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NSE Bank Nifty Support and Resistance January Future Levels for 7th Feb’13

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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
NSE Bank Nifty Support and Resistance January Future Levels for 7th Feb’13
Bank Nifty Future Levels for 7th Feb’13
Pivot Level = 12440
Support1 12422 Resistance1 12475
Support2 12386 Resistance2 12493
Support3 12368 Resistance3 12529