NIFTY AND BANK NIFTY FUTURES : 20TH JANUARY 2012

NIFTY SPOT LEVEL: 20^TH JANUARY 2012

In upcoming trading session there is higher possibility that nifty spot will manage between the broad levels of 4915-5065. If the market breaches the level of 5065 on the upper side then the next resistance level will be 5120. But if nifty breaches the support level of 4970 then it may go down till the level of 4915.

BANK NIFTY FUTURES: 20^TH JANUARY 2012

In upcoming trading session, bank nifty future is expected to trade between the broad levels of of 8915-9435. Bank nifty futures can go down till the level of 8915 once it breaks the level of 9105. On the opposite side once breaking the level of 9320, it is expected to go upward till the level of 9435. Bank nifty will be trading between the narrow ranges of 9105-9320. 

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