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Thursday 16 February 2012

Intraday Technical Outlook Nifty fut & Bank Nifty fut.






Nifty fut. 5528



We may witness an Inside day formation in Nifty fut. for the day.
Which may warrant into a range bound activity within yesterdays trading range of 5565-5475 levels.
A decisive intraday move will be witnessed once outside this range.
Resistance levels at 5555 /5665 /5690 &
Support levels at  5495 /5475 /5420
for todays trading session.

Bank Nifty fut.10883

Momentum likely to continue further upto 11140 /11295 levels once above 11000 levels ;
 Loss of momentum may be witnessed only below revised level of 10650 from here on.
Resistance levels revised to 11000 /11140 /11295 &
Support levels at 10800 /10650
for todays trading session

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