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Monday 2 January 2012

Equity Alert




Nifty fut. 4628
Sideways activity may be witnessed within 4685 -4615 levels for the initial part of the session before commencing any decisive intra day move. 

Support levels at 4614 /4600 /4560 & Resistance levels at 4685 /4708 /4730 for todays trading session.


Bank Nifty fut. 7942

Bank Nifty fut. has been facing stiff resistance near 8120 levels & is trading near an important support zone of 7900/7800.

Traders are advised NOT to build any aggressive short positions at current levels. Support levels at 7900 /7800 & Resistance levels at 8120 /8255 for today’s trading session.

Market activity is expected to be lack luster on account of holidays in other Asian markets.

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