Friday 23 November 2012

NIFTY BANK NIFTY LEVELS FOR 23 NOV


Nifty unlikely to make any decisive move 

It has been a flat week for the market so far. CNBC-TV18's managing editor Udayan Mukherjee says there is not much reason for the market to make a big decisive move. “In any case it has been stuck in a range. It looks like it will be that way for a few days longer,” he adds.


NIFTY SPOT 
TREND-CONSOLIDATE
RESI 1: 5660
RESI 2: 5700
SUPP 1: 5590
SUPP 2: 5500
STRATEGY: BUY ON DIPS

BANK NIFTY FUTURE 
TREND- CONSOLIDATE
RESI 1: 11660
RESI 2: 11800
SUPP 1:11460
SUPP 2: 11300
STRATEGY: SELL ON HIGHS

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