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NIFTY AND BANK NIFTY FUTURES 16 JULY 2012



Tomorrow trading is expected between the broad levels of 5185-5285. If the market breaches the level of 5255 on the upper side then the next resistance level will be 5285. But if nifty breaches the support level of 5200 then it may go down till the level of 5185.


Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10475-10770. Bank nifty futures can go down till the level of 10475 once it breaks the level of 10530. On the opposite side once breaking the level of 10675, it is expected to go upward till the level of 10770. Bank nifty will be trading between the narrow ranges of 10530-10770.

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