BANK NIFTY SPOT LEVELS FOR 10TH JUNE 2013

DATE	HDWM	5HEMA	5LEMA	5CEMA	B/BD	S/SR	CLOSE
07-06-13	HA	12562	12274	12383	BD	BPL	12332
JUN'13	M	12703	11730	12170	BD	BPL
07-06-13	W	12846	12292	12495	X	SS	12453
07-06-13	D	12520	12274	12359	X	SS

Bank Nifty has good base around 12200, as of now. But Trend has been down so far.

To resume up-trend, it needs to Close above 12359, which is 5-days' Close EMA.

For stronger up-move, it needs to cross 12495.

However, one may consider Support of 12170, which is 5 Months's Close EMA.

Also, PAUSE of down-trend may be considered if manages to close above 

12274/12292, which are 5-daily/weekly Low-EMA. 

On down side, if breaches 12170, may head for more downfall till 11750.