Thursday, September 22, 2011

Trading Call : Nifty Future Levels for 23Sep2011


Global  Crashed
The Nifty crashed last day and is now expected to continue with the downtrend for the coming two to three days till the level of 4860. A key support in the short term is around 4860 while crucial resistance stands at 5100.

The Nifty ended last day in the negative with a loss of 210 points while the Sensex crashed down losing 704 points.

On the daily chart the Nifty crashed down and took resistance around the 40 day moving average (DMA) ie 5140.

Nifty Future Levels for 22/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
NIFTY Futures
4720.0
4805.0
4908.0
4965.0
5100.0
Go Sort Above R1

BANK Nifty Future Levels for 22/9/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
BANK NIFTY Futures
9205.0
9365.0
9500.0
9647.0
9695.0
Go Sort Above R1
      

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