NIFTY FUTURES AND BANK NIFTY FUTURES : 30TH JANUARY 2012

NIFTY SPOT LEVEL: 30TH JANUARY 2012

The next trading is expected between the broad levels of 5160-5320. If the market breaches the level of 5320 on the upper side then the next resistance level will be 5400. The trading session was moderately positive and nifty ended almost 1.0% up from previous close.

BANK NIFTY FUTURES: 30TH JANUARY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9670-10090. Banknifty futures is expected to see little correction. The opposite side once breaking the level of 9670, the banknifty will find support on 9430.

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