NIFTY AND BANK NIFTY FUTURES : 12TH JANUARY 2012

NIFTY SPOT LEVEL: 12^TH JANUARY 2012

In upcoming trading session there is higher possibility that nifty spot will manage between the broad levels of 4795-4965. If the market breaches the level of 4925 on the upper side then the next resistance level will be 4965. But if nifty breaches the support level of 4845 then it may go down till the level of 4795.

BANK NIFTY FUTURES: 12^TH JANUARY 2012

In upcoming trading session, bank nifty future is expected to trade between the broad levels of 8555-9045. Bank nifty futures can go down till the level of 8655 once it breaks the level of 8765. On the opposite side once breaking the level of 8875, it is expected to go upward till the level of 8995. Bank nifty will be trading between the narrow ranges of 8665-8875.

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