NIFTY SPOT LEVEL: 6TH JULY 2012
Tomorrow trading is expected between the broad levels of 5270-5360. If the market breaches the level of 5340 on the upper side then the next resistance level will be 5360. But if nifty breaches the support level of 5300 then it may go down till the level of 5270.
BANK NIFTY FUTURES: 6TH JULY 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10400-10770. Bank nifty futures can go down till the level of 10400 once it breaks the level of 10525. On the opposite side once breaking the level of 10710, it is expected to go upward till the level of 10770. Bank nifty will be trading between the narrow ranges of 10525-10710.
NIFTY OUTLOOK FOR 6TH JULY 2012
NIFTY SPOT LEVEL
TREND – BEARISH
SUPPORT 1
|
5300
|
SUPPORT 2
|
5270
|
RESISTANCE 1
|
5340
|
RESISTANCE 2
|
5360
|
BANK NIFTY FUTURES
TREND- BEARISH
SUPPORT 1
|
10525
|
SUPPORT 2
|
10400
|
RESISTANCE 1
|
10710
|
RESISTANCE 2
|
10770
|
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