Nifty facing stiff resistence @ 5500 level.
If cross we may see Nf agin in the range of 5510-5540
As per Rsi it is in bull mode & after cooling off now it start rise towards 5540-5550 level in this week.
If able to sustain & close above 5555 we can see Nf much higher levels along with short covering towards 5600++ .
One can Long Nf above 5510 with sl 5495 T-5540,5550
BankNf also in its bull ride heading towards 11100,11250 level.
If Global cues suport we may find BNF towards new highs in this week.
It has some resistence in the zone of 11000-11050.
One can initiate Long BNF above 11050 with sl of 11020 T-11140-11200 level.
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