Nifty went a strong upside session today and closed in the green zone. The next key resistance for Nifty Future seems to be at the level of 5550. Decisive closing above this resistance may lead Nifty Future to the level of 5700 in near run. In the downside the key short term support seems to be at the levels of 5350 to 5355. Decisive closing below this support zone may slip the Nifty Future till the levels of 5295 to 5300 in near run. For trading we already recommend buy on dips until it close below 5350 for the targets of 5550, 5600.

Bank Nifty made a positive trading session today and now may face the immediate resistance close to the levels of 10940 to 10950. Decisive closing above this resistance zone may lead Bank Nifty Future to the level of 11200 in near run. Some of the banking stock which might make upside moves are Allahbad Bank, Canara Bank, OBC etc. In the downside Bank Nifty Future is having the short term support close to the level of 10500.