capitalparamount-bank-nifty-outlook-05aug13

BANK NIFTY DOWN: 145.15POINTS

PERCENTAGE: -1.43%

CLOSES AT: 9997.80 

BANK NIFTY DOWN 145 POINS FRIDAY .THERE IS WEAK FUNDAMENTALS FOR BANKING 

SECTOR WHICH IS THROWING BANK NIFTY DOWN .BANK NIFTY CAN FOLLOW FURTHER 

DOWN TREND AT 9875 LEVEL THAN A BOUNCE BACK IS EXPECTED. 

STRATEGY FOR BANK NIFTY IS TO SELL BELOW 9980 AND TO BOOK PROFIT AROUND 9875 

WITH SL OF 10050

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