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
|
No comments:
Post a Comment