NIFTY AND BANK NIFTY FUTURES : 31ST JANUARY 2012

NIFTY SPOT LEVEL: 31^stJANUARY 2012

The next trading is expected between the broad levels of 5175-5050. If the market breaches the level of 5175 on the upper side then the next resistance level will be 5220. The trading session was negative and nifty ended almost 2.25% up from previous close.

BANK NIFTY FUTURES: 31^st JANUARY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10125-9530. Banknifty futures are expected to see sideways movement. The opposite side once breaking the level of 9530, the bank nifty will find support on 9330.

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