Thursday, September 15, 2011

Trading Call : Nifty Future Levels for 16-Sep-2011


Market Bulish



The Nifty ended in the positive today with a gain of 63 points while the Sensex surged 209 points.

On the daily chart the Nifty has resistance around its 40 day moving average (DMA) ie at 5144. As and when it sustains itself above this average, it should rally for our medium term target.

On the daily chart the Nifty is trading below its 20 DMA and 40 DMA ie 4976 and 5144 respectively. 

Nifty Future Levels for 16/9/2011
Scrip Name
Support Levels
Close

CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
NIFTY Futures
5005.0
5050.0
5098.0
5150.0
5194.0
Go Long Above R1

BANK Nifty Future Levels for 16/9/2011
Scrip Name
Support Levels
Close

CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
BANK NIFTY Futures
9405.0
9560.0
9725.0
9866.0
10105.0
Go Long Above R1
      

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