NIFTYSPOT LEVEL: 7 MAY 2012
Tomorrow trading is expected between the broad levels of 5000-5210. If the market breaches the level of 5150 on the upper side then the next resistance level will be 5210. But if nifty breaches the support level of 5040 then it may go down till the level of 5000.
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9550-10180. Bank nifty futures can go down till the level of 9550 once it breaks the level of 9960. On the opposite side once breaking the level of 9980, it is expected to go upward till the level of 10180. Bank nifty will be trading between the narrow ranges of 10065-10220.
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