Tuesday, September 13, 2011

Trading Call : Nifty Future Levels for 14-Sep-2011


The Nifty slipped again today and closed the day in the negative. It is now expected to take support around the 4909 level and then move up from there. A resistance will be faced at 5038. 
On the daily chart the Nifty is trading below its 20 DMA and 40 DMA ie 4980 and 5157 respectively. 
As and when the Nifty sustains itself above this average, it should rally for our medium term target.


Nifty Future Levels for 14/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
NIFTY Futures
4852.0
4905.0
4940.0
5005.0
5050.0
Go Long Above R1

BANK Nifty Future Levels for 14/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
BANK NIFTY Futures
9105.0
9245.0
9345.0
9497.0
9655.0
Go Long Above R1
      

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