NIFTY AND BANK NIFTY FUTURES FOR 29TH FEBRUARY 2012

NIFTY SPOT LEVEL: 29th FEBRUARY 2012

Tomorrow trading is expected between the broad levels of 5275-5445. If the market breaches the level of 5415 on the upper side then the next resistance level will be 5445. But if nifty breaches the support level of 5325 then it may go down till the level of 5275.

BANK NIFTY FUTURES: 29th FEBRUARY 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10025-10790. Bank nifty futures can go down till the level of 10025 once it breaks the level of 10250. On the opposite side once breaking the level of 10635, it is expected to go upward till the level of 10790. Bank nifty will be trading between the narrow ranges of 10250-10635. 

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