Banknifty Spot

Banknifty Spot

(Updated on 24-07-2012 at 08.40 am)

.

.

Sell below 10410-10470 on rise.

.

Trading above 10310 will elevate more

.

up to 10348-10366-10387

.

Breakout below 10239 will deteriorate sentiment

.

further and See 10217-10200

Nifty Future (Updated on 24-07-12 at 08.20 am)

Nifty Future

(Updated on 24-07-12 at 08.20 am)

.

See the accuracy of our levels we had written yesterday.

We mentioned that fall up to 5158 was on card and breakout below

5158 would even drag lower upto 5111.

Now see the NF low i.e 5111.55

.

Now for today………..

.

5132-5144 zone is intraday hurdle.

Sustains above this level with volumes then see 5156-5167.

5167-5188 is strong hurdle going up.

Breakout below 5104 will trigger more downside up to

5090-5071.

.

If more panic persists then 5054 not ruled out.