NIFTY AND BANK NIFTY FUTURES 16 APRIL 2012

NIFTY SPOT LEVEL: 16 APRIL 2012

Tomorrow trading is expected between the broad levels of 5110-5350. If the market breaches the level of 5275 on the upper side then the next resistance level will be 5350. But if nifty breaches the support level of 5150 then it may go down till the level of 5110.

BANK NIFTY FUTURES: 16 APRIL 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10010-10720. Bank nifty futures can go down till the level of 10010 once it breaks the level of 10150. On the opposite side once breaking the level of 10500, it is expected to go upward till the level of 10720. Bank nifty will be trading between the narrow ranges of 10150-10500

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