Bank Nifty & Nifty Future Levels for 30Sep2011

Resistance @ 5110

The Nifty has closed in the positive 29 Sep 2011,after a sharp reversal and is now expected to edge higher till 5110 in the near term. A key support for the Nifty in the short term is around 4910 while resistance would be faced at 5083.


On the daily chart the Nifty is trading around its 20 day moving average (DMA) and below its 40 DMA ie
5021 and 5084 respectively.

Nifty Future Levels for 30/9/2011

Scrip Name	Support Levels		Close CMP (Rs)	Resistance Levels		Action
	S2	S1		R1	R2
NIFTY Futures	4985.0	4980.0	5036.0	5085.0	5119.0	Go Long Above R1

BANK Nifty Future Levels for 30/9/2011

Scrip Name	Support Levels		Close CMP (Rs)	Resistance Levels		Action
	S2	S1		R1	R2
BANK NIFTY Futures	9405.0	9525.0	9670.0	9877.0	9995.0	Go Long Above R1

Bank Nifty & Nifty Future Levels for 29Sep2011

 Resistance @ 5040

The Nifty has closed in the negative after a sharp bounce on 28 Sep 2011; it is now expected to slip down till 4700 in the short term. The key support in the short term is around 4900 while a resistance stands at 5007.

On the daily chart the Nifty is trading below its 20 DMA and the 40 DMA ie 5020 and 5080 respectively.

Nifty Future Levels for 29/9/2011

Scrip Name	Support Levels		Close CMP (Rs)	Resistance Levels		Action
	S2	S1		R1	R2
NIFTY Futures	4815.0	4880.0	4942.0	4975.0	5035.0	Go Sort Below S1

BANK Nifty Future Levels for 29/9/2011

Scrip Name	Support Levels		Close CMP (Rs)	Resistance Levels		Action
	S2	S1		R1	R2
BANK NIFTY Futures	9265.0	9355.0	9520.0	9667.0	9715.0	Go Sort Below S1

Bank Nifty & Nifty Future Levels for 28Sep2011

Resistance @ 5100

The Nifty continued with the bounce on last day; it is now expected to continue the trend till 5100 in the short term.

On the daily chart the Nifty is trading below the 20 day moving average  (DMA)  and  the 40 DMA  ie 5020 and 5100 respectively.

Nifty Future Levels for 28/9/2011

Scrip Name	Support Levels		Close CMP (Rs)	Resistance Levels		Action
	S2	S1		R1	R2
NIFTY Futures	4885.0	4940.0	4981.0	5035.0	5099.0	Go Long Above R1

BANK Nifty Future Levels for 28/9/2011

Scrip Name	Support Levels		Close CMP (Rs)	Resistance Levels		Action
	S2	S1		R1	R2
BANK NIFTY Futures	9405.0	9555.0	9670.0	9777.0	9915.0	Go Long Above R1

Bank Nifty & Nifty Future Levels for 27Sep2011

T h e   N i f t y   c l o s e d   i n   t h e   n e g a t i v e   last day.   I t   i s   n o w expected to consolidate between 4810 and 4920 in the short term.

On the daily chart the Nifty is trading below its 20 day moving average (DMA) and 40 DMA ie 5015 and 5090 respectively.

Nifty Future Levels for 27/9/2011

Scrip Name	Support Levels		Close CMP (Rs)	Resistance Levels		Action
	S2	S1		R1	R2
NIFTY Futures	4720.0	4800.0	4856.0	4935.0	4991.0	Go Sort Above R1

BANK Nifty Future Levels for 27/9/2011

Scrip Name	Support Levels		Close CMP (Rs)	Resistance Levels		Action
	S2	S1		R1	R2
BANK NIFTY Futures	9005.0	9205.0	9431.0	9647.0	9785.0	Go Sort Above R1