Jan 5, 2010

NIFTY AND BANK NIFTY 6 JAN

Just keep an eye on 5295-5260, decisive cross above 5295 will take to 5308/5325. Strong supports exist at 5262 level. Decisive break will take it to 5246/5234. Till 5190 level is intact now, all dips can be used as buying opportunity.
Bank Nifty future strong support esists at 9108/8990 level. Till these levels are intact one can utilise dips to buy for target of 9350 in coming sessions. 8878 on lower side and 9350 are important level.

Nifty future important levels for Wednesday, 6th January:
R3 5326 R2 5310 R1 5294 PP 5278 S1 5262 S2 5246 S3 5230
Bank Nifty future important levels for Wednesday, 6th January:
R3 9284 R2 9245 R1 9209 PP 9170 S1 9133 S2 9095 S3 9058

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