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NIFTY AND BANK NIFTY TIPS 30 MAY 2012



Tomorrow trading is expected between the broad levels of 4955-5030. If the market breaches the level of 5010 on the upper side then the next resistance level will be 5030. But if nifty breaches the support level of 4970 then it may go down till the level of 4955.
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9625-9820. Bank nifty futures can go down till the level of 9625 once it breaks the level of 9660. On the opposite side once breaking the level of 9760, it is expected to go upward till the level of 9820. Bank nifty will be trading between the narrow ranges of 9660-9760.

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