Technical Overview on Nifty (11th October '10)
Nifty future as mentioned earlier resulted in sell off as it 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 and 6220 levels. Nifty future in the last trading session has closed again below the 6160 levels and looks some more selling is due in markets in the coming week.
Technical Overview on Bank Nifty (11th October '10)
Bank nifty future as foretold in our previous reports, below 12625-12600 resulted in a good sell off and touched low of 12465.50 in the last trading session, 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 in next week also with strict stop loss of 12650.
Nifty future as mentioned earlier resulted in sell off as it 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 and 6220 levels. Nifty future in the last trading session has closed again below the 6160 levels and looks some more selling is due in markets in the coming week.
Technical Overview on Bank Nifty (11th October '10)
Bank nifty future as foretold in our previous reports, below 12625-12600 resulted in a good sell off and touched low of 12465.50 in the last trading session, 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 in next week also with strict stop loss of 12650.
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