NIFTY AND BANK NIFTY FUTURES : 1ST FEBRUARY 2012

NIFTY SPOT LEVEL: 1^st FEBRUARY 2012

The next trading is expected between the broad levels of 5315-5140. If the market breaches the level of 5315 on the upper side then the next resistance level will be 5356. The trading session was positive and nifty ended almost 1.4% up from previous close.

BANK NIFTY FUTURES: 1^ST FEBRURAY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10140-9700. Banknifty futures is expected to see upward movement. The opposite side once breaking the level of 9700, the banknifty will find support on 9520.

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