Nifty Future have its support at 4870 levels. Trading above the level of 4950 Nifty has a chance for a rally till 5000. If it closes above yesterday"s high then Nifty may test the levels of 5070 in coming days.
Bank Nifty Future (Refer Chart - Bank Nifty)
Bank Nifty should stay above 9500 levels to add to the bull"s strength in the stock market. Anywhere below 9400 it will have its support at 9335 levels for the day.
Buy above Rs 387.10
Stop loss Rs 383
Target Rs 392 / 397
Buy Above Rs 856.50
Stop loss Rs 848
Target Rs 863 -868
Rajesh V. Ravanappan is a practitioner of technical analysis. He has eight years of experience in the share broking industry. He is a contributing writer for www.goodreturns.in. You can contact him at rajeshvravanappan (at) gmail (dot) com
If you would also like to contribute or send us a feedback, then e-mail to money (at) oneindia (dot) co (dot) in
GoodReturns.in DISCLAIMER: The views expressed in this article are the views of the author and do not reflect the views of our company. GoodReturns.in does not take any responsibility for any losses incurred by investors who take their cues from the above article.