NIFTY AND BANK NIFTY FUTURES FOR 2ND MARCH 2012

NIFTY SPOT LEVEL: 2nd MARCH 2012

Tomorrow trading is expected between the broad levels of 5260-5410. If the market breaches the level of 5375 on the upper side then the next resistance level will be 5410. But if nifty breaches the support level of 5300 then it may go down till the level of 5260.

BANK NIFTY FUTURES: 2nd MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10055-10505. Bank nifty futures can go down till the level of 10055 once it breaks the level of 10170. On the opposite side once breaking the level of 10395, it is expected to go upward till the level of 10505. Bank nifty will be trading between the narrow ranges of 10170-10395.

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