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Wednesday 4 January 2012

Market Trend


Nifty fut. 4775

We expect momentum to strengthen once Nifty fut. trades above 4805 today. Trade with positive Bias as we expect 4720 to provide good support for the day. Resistance levels at 4805 /4856 /4905 & Support levels at 4720 /4680 for todays trading session.

Bank Nifty fut. 8381

Momentum likely to continue in Banking counters & Bank nifty is expected to head towards 8465 /8500 levels initially. Trade with positive Bias so long as Bank Nifty fut. trades above 8200 levels. Support levels at 8200 / 8125 for the day.

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