The Nifty slipped
again today and closed the day in the negative. It is now expected to take
support around the 4909 level and then move up from there. A resistance will be
faced at 5038.
On the daily chart
the Nifty is trading below its 20 DMA and 40 DMA ie 4980 and 5157 respectively.
As and when the
Nifty sustains itself above this average, it should rally for our medium term
target.
Nifty Future Levels for 14/9/2011
Scrip Name
|
Support Levels
|
Close
CMP (Rs)
|
Resistance Levels
|
Action
|
||
S2
|
S1
|
R1
|
R2
|
|||
NIFTY Futures
|
4852.0
|
4905.0
|
4940.0
|
5005.0
|
5050.0
|
Go Long Above R1
|
BANK Nifty Future Levels for
14/9/2011
Scrip Name
|
Support Levels
|
Close
CMP (Rs)
|
Resistance Levels
|
Action
|
||
S2
|
S1
|
R1
|
R2
|
|||
BANK NIFTY Futures
|
9105.0
|
9245.0
|
9345.0
|
9497.0
|
9655.0
|
Go Long Above R1
|
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