Intraday Stock Tips for Tomorrow (Tuesday) 06 March 2012

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. Nifty future has logical resistance is at 5520 and 5650 levels, and good support near 5300 and 5250 levels.

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. Bank Nifty futures resistance is at 10880 and 11250 levels, and good support near 10200 and 9950 levels.

OI Chart Analysis: In coming sessions market may trade in a range of 5200-5600. The call option strike price 5600 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5200 will act as major support level.

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