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
|