In the short term the Nifty is expected to be range-bound between 4900 and 5150.
The Nifty is trading above the 20-hourly moving average (HMA) and 40-HMA, ie 5076 and 5049 respectively,
Nifty Future Levels for 20/9/2011
Scrip Name
|
Support Levels
|
Close
CMP (Rs)
|
Resistance Levels
|
Action
| ||
S2
|
S1
|
R1
|
R2
| |||
NIFTY Futures
|
4960
|
5005.0
|
5040.0
|
5105.0
|
5164.0
|
Go Long Above R1
|
BANK Nifty Future Levels for 20/9/2011
Scrip Name
|
Support Levels
|
Close
CMP (Rs)
|
Resistance Levels
|
Action
| ||
S2
|
S1
|
R1
|
R2
| |||
BANK NIFTY Futures
|
9305.0
|
9425.0
|
9577.0
|
9680.0
|
9855.0
|
Go Long Above R1
|
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