NIFTY AND BANK NIFTY FUTURES 12 JUNE 2012

NIFTY SPOT LEVEL: 13^TH JUN 2012

Tomorrow trading is expected between the broad levels of 4970-5200. If the market breaches the level of 5155 on the upper side then the next resistance level will be 5200. But if nifty breaches the support level of 5040 then it may go down till the level of 4970.

BANK NIFTY FUTURES: 13^TH JUN 2012

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 9795-10325. Bank nifty futures can go down till the level of 9795 once it breaks the level of 9965. On the opposite side once breaking the level of 10230, it is expected to go upward till the level of 10325. Bank nifty will be trading between the narrow ranges of 9965-10230.

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