Predicted Levels for Nifty & Bank Nifty for Week

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(06/09/10 -10/09/10)

NIFTY

Trend: - Consolidate
R1-5545 R2-5620
S1-5410 S1-5360
Strategy: - Buy on dips


BANK NIFTY


Trend: - Consolidate
R1-11110 R2-11350
S1-10810 S1-10660
Strategy: - Buy on dips

 

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09/09/10


Nifty has a resistance of 5620 and one can take a short position below it with the target of 5595 and 5560.


Sell Nifty Future below 5620
Tg1- 5595,
Tg-2 5560,
SL- 5653