Technical View on Nifty (13th October ‘10)
Nifty future continued to stay below 6200-6180 level in the last trading session. Now on the downside next support is at 6095/6045/5980 levels and on the upside resistance is at 6180/6220/6250 levels. Nifty future in the last trading session has closed again below the 6160 levels and looks some more selling is due in markets. We recommend selling on higher levels with strict stop loss of 6200.
Technical View on Bank Nifty (13th October ‘10)
Bank nifty future as expected, below 12625-12600 resulted in a good sell off and making new low everyday, now on the downside next logical support are 12400-12180 levels and on the upside resistance is at 12650 and 12750 levels. Selling on higher levels will still be good strategy in bank nifty future with strict stop loss of 12650.
Nifty future continued to stay below 6200-6180 level in the last trading session. Now on the downside next support is at 6095/6045/5980 levels and on the upside resistance is at 6180/6220/6250 levels. Nifty future in the last trading session has closed again below the 6160 levels and looks some more selling is due in markets. We recommend selling on higher levels with strict stop loss of 6200.
Technical View on Bank Nifty (13th October ‘10)
Bank nifty future as expected, below 12625-12600 resulted in a good sell off and making new low everyday, now on the downside next logical support are 12400-12180 levels and on the upside resistance is at 12650 and 12750 levels. Selling on higher levels will still be good strategy in bank nifty future with strict stop loss of 12650.
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