Tuesday, October 4, 2011

Bank Nifty & Nifty Future Levels for 04Oct2011

Resistance @ 5035




The Nifty has closed in the negative today after a sharp bounce yesterday; it is now expected to slip down till 4700 in the short term. A key support in the short term would be around 4900 while resistance will be faced at 5035.



On the daily chart the Nifty is trading below its 20 DMA and 40 DMA ie 5014 and 5075 respectively.


Nifty Future Levels for 04/10/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
NIFTY Futures
4825.0
4880.0
4929.0
4985.0
5049.0
Go Sort Below S1

BANK Nifty Future Levels for 04/10/2011
Scrip Name
Support Levels
Close
CMP (Rs)
Resistance Levels
Action
S2
S1
R1
R2
BANK NIFTY Futures
9145.0
9255.0
9428.0
9635.0
9795.0
Go Sort Below S1

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