The
Nifty has bounced today. However it is expected to take resistance around 5010
and resume with the
downtrend
till 4750 in the short term. A key support in the immediate run will be around
4860 while resistance
will
be faced at 5010.
On
the daily chart the Nifty is trading around its 20 day moving average (DMA) and
40 DMA ie 4955 and
5036
respectively.
Nifty Future Levels for 11/10/2011
|
Scrip Name
|
Support Levels
|
Close
CMP (Rs)
|
Resistance Levels
|
Action
|
||
|
S2
|
S1
|
R1
|
R2
|
|||
|
NIFTY Futures
|
4995.0
|
4940.0
|
4999.0
|
5055.0
|
5109.0
|
Go Sort Above S1
|
BANK Nifty Future Levels for
11/10/2011
|
Scrip Name
|
Support Levels
|
Close
CMP (Rs)
|
Resistance Levels
|
Action
|
||
|
S2
|
S1
|
R1
|
R2
|
|||
|
BANK NIFTY Futures
|
8905.0
|
9075.0
|
9211.0
|
9337.0
|
9635.0
|
Go Sort Above S1
|
3 comments:
Bank Nifty April Future: - 10552 & 10620 essential level of capacity look at out for, keep stop-loss of 10630 to your purchases. Down part it'll fall down to 10329 & 10270 which is a essential assistance, keep stop-loss of 10260 to your purchases. In toughest situation a near below 10121, 10038 & 9780.
Upward part a near above 10630 it'll turn good & spurt up to 10809 & thereafter to 10919 & 11107.
Sureshot Intraday Tips
The BSE standard increased 31 points to close at 16,021 and the Nifty went up 14 points to 4,862. Even the wider market turn slightly higher.
MCX Sureshot Tips
Nifty ongoing the bullish trend which was in effect from the other day. Lack of ability to trade above the stage of 5140 activated the weak point and marketplaces found it easy to test assistance of 5040 stages. Support was experienced at 5040 stages as a result of positive international hints in worldwide shares. Our market also responded efficiently and Nifty tested the level of 5130 perfectly. Markets shifted back from the levels but were not able to close above the 5140 stage for the week.
Commodity Tips
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