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The index which broke below 10,650 took support at its 13-day exponential moving average (DEMA) to close at 10,618, down 61.40 points.
It opened at 10,700.45 which was also the intraday high and bears pushed the index near its crucial support placed around 10,600 to hit an intraday low of 10,601.60.
According to Pivot charts, the key support level is placed at 10,579.7, followed by 10,541.2. If the index starts moving upwards, key resistance levels to watch out are 10,678.6 followed by 10,739.
The Nifty Bank index closed at 25,645.40, up 0.16 percent on Friday. The important Pivot level, which will act as crucial support for the index, is placed at 25,561.93, followed by 25,478.46. On the upside, key resistance levels are placed at 25,704.63, followed by 25,763.87.
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