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Nifty for Monday

Nifty Future is highly volatile in last trading session and moving under tight range. It closed on a flat note today. If it manages 5755 level it could take a rally in near term. One should wait for proper break out in either side. Resistance for Nifty Future is at 5755/5860 and it has support at 5628/5565. Here traders and investors can start value buying for blue chips. In the daily charts Nifty future has made an inside day. So break above or below Friday's high or low may emerge as crucial trend decider for the market.

RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5860 mark.
SUPPORT: It has first support close to the level of 5628 & below this level the next support is seen near 5565mark.

Bank Nifty Tomorrow

Bank Nifty was volatile in last trading session but closed in a positive note. One should still wait for break out in either side. If Bank Nifty manages to sustain at 11184 levels it can take up move from there. Resistance for Bank Nifty is at 10956/11185 and support is at 10775/10500levels

RESISTANCE: It has first resistance close to the level of 10955 & above this level the next resistance is seen near the 11185 mark.
SUPPORT: It has first support close to the level of 10775 & below this level the next support is seen near 10500 marks.

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