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NIFTY AND BANK NIFTY FUTURES 16 MAY 2012



Tomorrow trading is expected between the broad levels of 4835-5010. If the market breaches the level of 4975 on the upper side then the next resistance level will be 5010. But if nifty breaches the support level of 4890 then it may go down till the level of 4835.


Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9090-9470. Bank nifty futures can go down till the level of 9090 once it breaks the level of 9200. On the opposite side once breaking the level of 9400, it is expected to go upward till the level of 9470. Bank nifty will be trading between the narrow ranges of 9200-9400.

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