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

Jan 4, 2010

NIFTY AND BANK NIFTY 5 JAN

Now, what to expect tomorrow in indices? Just keep an eye on 5256-5262, decisive cross will take to 5277/5300. Strong supports exist at 5205-5190-5167 level. Till 5167 level is intact, all dips can be used as buying opportunity.

Bank Nifty future trading above 9095 will target 9350 in coming sessions. But if breaks 9095 with volume, then?? If also breaks 9045, then?? If reaches 9350 level in the coming sessions, then?? More live update only to the Nifty pack subscribers

Nifty future important levels for Tuesday, 5th January:
R3 5292 R2 5269 R1 5255 PP 5232 S1 5218 S2 5195 S3 5181
Bank Nifty future important levels for Tuesday, 5th January:
R3 9274 R2 9206 R1 9160 PP 9092 S1 9046 S2 8978 S3 8932