Nifty and Bank Nifty Updates for Monday 12 March 2012

NIFTY FUTURES
Markets ended with smart gains on Friday on cues from global pers. The Sensex added 357.72 points or 2.09% to 17,503.24. Nifty added 113.10 points at 5,333.30. Nifty Futures shut stop at 5364.15 up by 105.45 points or 2.01 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5300 else above resistance level of 5380 it would be in an upward trend.

RESISTANCE 2     RESISTANCE 1     SUPPORT 1       SUPPORT 2
        5440                    5380                   5300                 5200


BANK NIFTY FUTURES
In banking, Bank Nifty Futures shut stop at 10574.20 up by 347.55 points or 3.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10000 else above resistance level of 10600 it would be in an upward trend.

RESISTANCE 2     RESISTANCE 1     SUPPORT 1       SUPPORT 2
       10680                 10600                10360                 10000

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