NIFTY AND BANK NIFTY FUTURES FOR 12TH MARCH 2012

NIFTY SPOT LEVEL: 12TH MARCH 2012

Tomorrow trading is expected between the broad levels of 5270-5375. If the market breaches the level of 5355 on the upper side then the next resistance level will be 5375. But if nifty breaches the support level of 5308 then it may go down till the level of 5270.

BANK NIFTY FUTURES: 12TH MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10205-10685. Bank nifty futures can go down till the level of 10205 once it breaks the level of 10365. On the opposite side once breaking the level of 10605, it is expected to go upward till the level of 10685. Bank nifty will be trading between the narrow ranges of 10365-10605.

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