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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