{"id":3532,"date":"2010-07-05T19:45:48","date_gmt":"2010-07-05T14:15:48","guid":{"rendered":"http:\/\/www.niftylivecharts.com\/blog\/?p=3532"},"modified":"2010-07-06T10:38:47","modified_gmt":"2010-07-06T05:08:47","slug":"bank-nifty-support-and-resistance-levels-for-6-july-2010","status":"publish","type":"post","link":"https:\/\/www.niftylivecharts.com\/blog\/bank-nifty-support-and-resistance-levels-for-6-july-2010\/","title":{"rendered":"Bank Nifty support and resistance levels for 6 July 2010"},"content":{"rendered":"<div id=\"wb_Text1\" style=\"z-index:100;\" align=\"left\">\n<span style=\"font-family: Verdana; color: #000000;\">Bank Nifty  Future Daily trading levels <\/span><br \/>\n<span style=\"font-family: Verdana; color: #000000;\">Trading as per the support and resistance  levels may be quite useful for intraday trading in stocks and index.   Resistance is termed as the level where the stock generally gets some  opposite force before it can go further up. A support is the level where  a stock 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\u2019s advisable to buy the  stocks at support levels and sell at the resistance levels. In Intraday  trading there are few support and resistance levels known as Support1  Support2, Resistance1 Resistance2 etc.<br \/>\nThe support and the resistance levels for Bank Nifty can be  seen in the table below.<br \/>\nBank Nifty Levels in simple format can be  seen as follow <\/span><\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td colspan=\"2\" width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#ffa54f\"><span style=\"font-family: Arial; color: #000000;\"><strong> Pivot Level = 9393 <\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#90ee90\"><span style=\"font-family: Arial; color: #000000;\"><strong> Support1 =  9287 <\/strong><\/span><\/td>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#f08080\"><span style=\"font-family: Arial; color: #000000;\"><strong> Resistance1 =  9511 <\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#228b22\"><span style=\"font-family: Arial; color: #000000;\"><strong>Support2 =  9169 <\/strong><\/span><\/td>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#ee2c2c\"><span style=\"font-family: Arial; color: #000000;\"><strong> Resistance2 =  9617 <\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#006400\"><span style=\"font-family: Arial; color: #000000;\"><strong>Support3 = 9063 <\/strong><\/span><\/td>\n<td width=\"200\" height=\"40\" align=\"center\" bgcolor=\"#ee0000\"><span style=\"font-family: Arial; color: #000000;\"><strong> Resistance3 =  9735 <\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-family: Verdana; color: #000000;\"><br \/>\nthe basic formula\u2019s used for  calculating the support and  resistance is:-<br \/>\nPivot point (P) = (H + L + C) \/ 3<br \/>\nFirst resistance level (R1) = (2 * P) &#8211; L<br \/>\nFirst support level (S1) = (2 * P) &#8211; H<br \/>\nSecond resistance level (R2) = P + (R1 &#8211; S1)<br \/>\nSecond support level (S2) = P &#8211; (R1 &#8211; S1)<br \/>\nThese levels are updated by <a href=\"..\/..\/index.php\">NiftyLiveCharts.com<\/a> Team<\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bank Nifty Future Daily trading levels Trading as per the support and resistance levels may be quite useful for intraday trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[7274],"tags":[8345,8344,8342,8340,8341,8343,8346,8347],"class_list":{"0":"post-3532","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-daily-nifty-levels","7":"tag-bank-nifty-breakdown-levels-for-6-july-2010","8":"tag-bank-nifty-breakout-levels-6-july-2010","9":"tag-bank-nifty-daily-support-and-resistance-levels-for-6-july-2010","10":"tag-bank-nifty-outlook-for-6-july-2010","11":"tag-bank-nifty-support-and-resistance-levels-for-6-july-2010","12":"tag-bank-nifty-trading-levels-for-6-july-2010","13":"tag-bank-nifty-trading-strategy-for-6-july-2010","14":"tag-important-levels-in-bank-nifty-for-6-july-2010","15":"entry"},"_links":{"self":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/3532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/comments?post=3532"}],"version-history":[{"count":0,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/3532\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/media?parent=3532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/categories?post=3532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/tags?post=3532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}