Nifty fut. 5042
Volatile activity likely to be witnessed in Nifty fut. for the day .Intraday traders are advised to trade with Negative bias below 5030 levels as Downward momentum likely to accelerate below 5000 levels.
Resistance level at 5070 /5085 &
Support levels at 5030 /5000 / 4980
for todays trading session.
Bank Nifty fut. 9620
Bank Nifty fut. is nearing its 200 days EMA placed near 9667. Until now 9250 support level has held strong in the previous session as Bank Nifty fut. headed higher towards 9650 mark.9250 seems to be a crucial support level for continuity of this existing upside momentum.
Weakening of the existing momentum may set in once Bank Nifty fut. trades below this support levels of 9250.
Support levels at 9450 /9250 &
Resistance levels 9650 /9750
for today’s trading session
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