Wednesday, September 14, 2011

Trading Call : Nifty Future Levels for 15-Sep-2011


Must be Above 5010


The Nifty ended in the positive with a gain of 72 points while the Sensex added 242 points over yesterday’s closing.


On the daily chart the Nifty is trading below its 20 DMA and 40 DMA ie 4975 and 5146 respectively. 


As and when the Nifty sustains itself above this average, it should rally for our medium term target.


Nifty Future Levels for 15/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
NIFTY Futures
4920.0
4975.0
5029.0
5075.0
5140.0
Go Long Above R1

BANK Nifty Future Levels for 15/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
BANK NIFTY Futures
9305.0
9405.0
9495.0
9647.0
9755.0
Go Long Above R1
      

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