Sunday, September 18, 2011

Trading Call : Nifty Future Levels for 19-Sep-2011

The Nifty closed in the positive on Friday and is now expected to consolidate and move sideways between 5150 and 5000. The key supports in the short term will be around 5035 and a resistance will be faced at 5155.




The Nifty ended in the positive with a gain of 9 points while the Sensex notched up 58 points in Friday’strading.


On the daily chart the Nifty is trading above its 20 DMA and 40 DMA ie 4978 and 5145 respectively.


Nifty Future Levels for 19/9/2011

Scrip Name
Support Levels
Close

CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
NIFTY Futures
4890
5035.0
5087.0
5150.0
5194.0
Go Long Above R1

BANK Nifty Future Levels for 19/9/2011

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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