NIFTY AND BANK NIFTY FUTURES FOR 16 MARCH 2012

NIFTY SPOT LEVEL: 16 MARCH 2012

Tomorrow trading is expected between the broad levels of 5300-5500. If the market breaches the level of 5440 on the upper side then the next resistance level will be 5500. But if nifty breaches the support level of 5340 then it may go down till the level of 5300.

BANK NIFTY FUTURES: 16 MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10345-11020. Bank nifty futures can go down till the level of 10345 once it breaks the level of 10470. On the opposite side once breaking the level of 10805, it is expected to go upward till the level of 11020. Bank nifty will be trading between the narrow ranges of 10470-10805.

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