Thursday, 26 January 2012

Outcome of Nifty & Bank Nifty for 25th Jan

Nifty future had mentioned resistance is placed at 5135-5150 and if upholds can rush to 5174-5193 also mentioned to keep a close eye on 5150-5174. Verify it opened at 5150 and then got pulled down to 5135 placing a low at 5130 and again after crossing 5135 it rushed to 5174 placing a high of 5177 for the day. Finally the low for the day was placed just 5 points below the mentioned level of 5135 and the high was placed just 3 points above the specified level of 5174. What else one requires. Bank Nifty future had mentioned support at 9725 and also advised caution on higher levels. Verify on higher levels it witnessed a selling pressure and got dragged towards 9725 levels placing a low of 9748 for the day.

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