Buy KOTAKBANK ( for delivery )

BUY ABOVE - 470.40

SL 456.10

TGT - 483,496.20

Buy B L Kashyap & Sons Ltd.

ABOVE - 381.20

SL 378.25

TGT - 400.10,420.35

Bank nifty future touched the level of 12000 and overall it was yet another positive session. Overall banking stocks are still looking very impressive from the current levels also. The next technical resistance for bank nifty future seems close to the level of 12070 to 12080. Decisive closing above this resistance zone may take up it till the level of 12250 in near run. The immediate support for bank nifty future seems close to the level of 11850. decisive closing below this support may slip it till the levels of 10730 to 10735 in near run.

Nifty is holding the up trend and trading close to the resistance zone of 5845 to 5850. Decisive closing above this resistance zone may lead the nifty future for the level of 6000 in near run. Overall it was very positive session for the market today and it got good strong buying on upper levels also. Now technically market is looking to continue this upswing and we may expect more upper levels. In the downside the immediate support for nifty future seems close to the levels of 5750 to 5755. Closing below this support zone may take nifty futures till the level of 5700 in near run. For intra day trading we recommend long position in nifty future above 5850 for the targets of 5900,5950,6000 in near run with stop loss around 5775.