NIFTY AND BANK NIFTY FUTURES : 16TH JANUARY 2012

NIFTY SPOT LEVEL: 16^TH JANUARY 2012

In upcoming trading session there is higher possibility that nifty spot will manage between the broad levels of 4765-4955. If the market breaches the level of 4915 on the upper side then the next resistance level will be 4955. But if nifty breaches the support level of 4815 then it may go down till the level of 4765.

BANK NIFTY FUTURES: 16^TH JANUARY 2012

In upcoming trading session, bank nifty future is expected to trade between the broad levels of 8755-9185. Bank nifty futures can go down till the level of 8755 once it breaks the level of 8865. On the opposite side once breaking the level of 9075, it is expected to go upward till the level of 9185. Bank nifty will be trading between the narrow ranges of 8865-9075.

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