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NIFTY AND BANK NIFTY FUTURES 7 AUGUST 2012


Tomorrow trading is expected between the broad levels of 5245-5310. If the market breaches the level of 5295 on the upper side then the next resistance level will be 5310. But if nifty breaches the support level of 5265 then it may go down till the level of 5245.


Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10390-10540. Bank nifty futures can go down till the level of 10390 once it breaks the level of 10425. On the opposite side once breaking the level of 10500, it is expected to go upward till the level of 10540. Bank nifty will be trading between the narrow ranges of 10425-10500.


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