Nifty Futures Trend For Monday (20th June'11)


Today Whole market was bearish and the same result held with the Nifty futures and the Bank nifty futures, Both have been closed at in negative position.

Nifty Futures
The Nifty futures closed at 5372.70 down by -29.70 points or -0.55% down. It is looking bearish in the coming trading session if it manages to trade below the support level of 5310 else above resistance level of 5440 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5540 mark.

SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5230 mark.

Bank Nifty Futures
Bank Nifty Futures closed at 10622.60 up by 31.50 points or 0.33% down. It is looking bearish in the coming trading session if it manages to trade below the support level of 10500 else above resistance level of 10750 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10990.

SUPPORT: It has first support close to the level of 10500 & below this level the next support is seen near 10330 marks.

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