Wednesday, September 28, 2011

Bank Nifty & Nifty Future Levels for 28Sep2011


Resistance @ 5100
The Nifty continued with the bounce on last day; it is now expected to continue the trend till 5100 in the short term.
On the daily chart the Nifty is trading below the 20 day moving average  (DMA)  and  the 40 DMA  ie 5020 and 5100 respectively.

Nifty Future Levels for 28/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
NIFTY Futures
4885.0
4940.0
4981.0
5035.0
5099.0
Go Long Above R1

BANK Nifty Future Levels for 28/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
BANK NIFTY Futures
9405.0
9555.0
9670.0
9777.0
9915.0
Go Long Above R1

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