NIFTY AND BANK NIFTY FUTURES : 18TH JANUARY 2012

NIFTY SPOT LEVEL: 18^TH JANUARY 2012

In upcoming trading session there is higher possibility that nifty spot will manage between broad levels of 4917-4977. If the market breaches the level of 4977 on the upper side then the next resistance level will be 5000. But if nifty breaches the support level of 4917 then it may go down till the level of 4898.

BANK NIFTY FUTURES: 18^TH JANUARY 2012

In upcoming trading session, bank nifty future is expected to trade between the broad levels of 8965- 9200. Bank nifty futures can go down till the level of 8932 once it breaks the level of 8965. On the opposite side once breaking the level of 9200, it is expected to go upward till the level of 9266.

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