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