Monday, September 12, 2011

Trading Call : Nifty Future Levels for 13-Sep-2011

 Nifty Support @ 4905 


The Nifty slipped down today and closed the day in the negative. It is now expected to take support around 4905 levels and start a new move up from there. Resistance will be faced at 5002.
On the daily chart the Nifty is trading between its 20 DMA and 40 DMA ie 4986 and 5164 respectively.
As and when the Nifty sustains itself above this average, it should rally for our medium term target.


Nifty Future Levels for 13/9/2011

Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
NIFTY Futures
4852.0
4905.0
4943.0
5002.0
5054.0
Go Long AboveR1



BANK Nifty Future Levels for 13/9/2011

Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
BANK NIFTY Futures
9015.0
9280.0
9387.0
9500.0
9656.0
Sell on rise to R1

      

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