Friday, September 30, 2011

Bank Nifty & Nifty Future Levels for 30Sep2011

Resistance @ 5110




The Nifty has closed in the positive 29 Sep 2011,after a sharp reversal and is now expected to edge higher till 5110 in the near term. A key support for the Nifty in the short term is around 4910 while resistance would be faced at 5083.


On the daily chart the Nifty is trading around its 20 day moving average (DMA) and below its 40 DMA ie
5021 and 5084 respectively.


Nifty Future Levels for 30/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
NIFTY Futures
4985.0
4980.0
5036.0
5085.0
5119.0
Go Long Above R1

BANK Nifty Future Levels for 30/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
BANK NIFTY Futures
9405.0
9525.0
9670.0
9877.0
9995.0
Go Long Above R1

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