Nifty Outlook, Intraday Stock Tips for Tomorrow 16 March 2012

NIFTY FUTURES
The Sensex was up 4.5 per cent and Nifty was up 4.7 per cent in past 4 days. The BSE benchmark index slumped 243.45 points to finally end at 17675.85. Nifty slipped -83.40 points at 5,380.50. Nifty Futures is looking bullish in the coming trading session if it manages to trade above the resistance level of 5510 else below support level of 5390 it would be in a downward trend.

RESISTANCE 2     RESISTANCE 1     SUPPORT 1       SUPPORT 2
        5570                    5510                   5390                 5360


BANK NIFTY FUTURES
In banking, Bank Nifty Futures shut stop at 10645.35 down by -336.15 points or -3.06 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11020 else below support level of 10570 it would be in a downward trend.

RESISTANCE 2     RESISTANCE 1     SUPPORT 1       SUPPORT 2
       11250                 11020                10570                 10360

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