Just keep an eye on 5222, decisive cross will take to 5235/5241. Now if crosses 5244 with volume we can see single sided move till 5275 level. Whereas break below 5164 will take it to 5130 levels in the no time.
Bank Nifty future trading above 9050 for some time will target 9070/9100 level. Now if trades above 9120 for 5-10 minutes we can see a clear 70-80 points rally. Downside supports exists at 9014/9005. A break with volume will take it to 8960 levels.
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Jan 3, 2010
Jan 2, 2010
PIVOT FOR 4JAN 2010
NIFTY PIVOT POINT
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R3 5275.4 R2 5248.6 R1 5224.8
Pivot 5198
S1 5174.2 S2 5147.4 S3 5123.6
BANK NIFTY
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R3 9172.1 R2 9132.8 R1 9080.9
Pivot 9041.6
S1 8989.7 S2 8950.4 S3 8898.5
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