Monday 30 July 2012

Market Outlook For Nifty and Bank Nifty


Global mkts afloat, Nifty to begin week on front foot.

This is an important week for the market as the last residual big earnings kick in along with RBI’s monetary policy.


NIFTY SPOT TREND-BEARISH
RESI 1: 5125
RESI 2: 5170
SUPP 1: 5050
SUPP 2: 4990
STRATEGY: SELL ON HIGHS

BANK NIFTY FUTURE TREND- BEARISH
RESI 1: 10325
RESI 2: 10500
SUPP 1: 10075
SUPP 2: 9925
STRATEGY: SELL ON HIGHS

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