NIFTY AND BANK NIFTY FUTURES : 23RD JANUARY 2012

NIFTY SPOT LEVEL: 23^RD JANUARY 2012

In upcoming trading session there is higher possibility that nifty spot will manage between the broad levels of 4955-5145. If the market breaches the level of 5095 on the upper side then the next resistance level will be 5145. But if nifty breaches the support level of 5005 then it may go down till the level of 4955.

BANK NIFTY FUTURES: 23^RD JANUARY 2012

In upcoming trading session, bank nifty future is expected to trade between the broad levels of of 9315-9755. Bank nifty futures can go down till the level of 9315 once it breaks the level of 9420. On the opposite side once breaking the level of 9635, it is expected to go upward till the level of 9755. Bank nifty will be trading between the narrow ranges of 9420-9635. 

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