NIFTY AND BANK NIFTY FUTURES FOR 9TH MARCH 2012

NIFTY SPOT LEVEL: 9th MARCH 2012

Tomorrow trading is expected between the broad levels of 5140-5285. If the market breaches the level of 5255 on the upper side then the next resistance level will be 5285. But if nifty breaches the support level of 5180 then it may go down till the level of 5140.

BANK NIFTY FUTURES: 9th MARCH 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9860-10320. Bank nifty futures can go down till the level of 10005 once it breaks the level of 9860. On the opposite side once breaking the level of 10235, it is expected to go upward till the level of 10320. Bank nifty will be trading between the narrow ranges of 10005-10235.

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