Monday, 17 October 2011

Summary Report of 17th Oct


Nifty Future clearly suggested the hurdle of 5175-5187. Opened at 5161 made a high of 5162. Verify, it could not sustain above 5157 which was also mentioned in my previous post and crashed towards 5080 levels.
Bank Nifty Future clearly mentioned importance of the level of 9684. Verify, Bank Nifty future opened and maintained above and then dragged down to take the support near 9684 it made a low of 9656 and buying materialized on dips.

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