Free Intraday Stock Tips for Monday 05 March 2012

NIFTY FUTURES 
Nifty Futures shut stop at 5391.50 up by 0.75 points or 0.01 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5440 else below support level of 5340 it would be in a downward trend.

RESISTANCE 2     RESISTANCE 1     SUPPORT 1       SUPPORT 2
        5520                    5440                   5340                 5300


BANK NIFTY FUTURES
In banking, Bank Nifty Futures shut stop at 10512.30 down by 127.55 points or 1.23 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10680 else below support level of 10240 it would be in a downward trend.

RESISTANCE 2     RESISTANCE 1     SUPPORT 1       SUPPORT 2
       10870                 10680                10240                 10150


Trade long in Nifty above 5,350 levels, else from 5,320 levels with stop loss placed at 5,300 for targets of 5,380 and 5,400 levels. Alternatively, trade short if Nifty trades below 5,300 levels targeting support levels.

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