Looking forward, the market may consolidate in a truncated week amid lack of major triggers in the near-term. The Indian stock markets will remain closed on first trading day of next week that is Monday, 20 August 2012
NIFTY SPOT LEVEL: 21ST AUG 2012
Tomorrow trading is expected between the broad levels of 5310-5425. If the market breaches the level of 5395 on the upper side then the next resistance level will be 5425. But if nifty breaches the support level of 5340 then it may go down till the level of 5310.
BANK NIFTY FUTURES: 21ST AUG 2012
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10275-10580. Bank nifty futures can go down till the level of 10275 once it breaks the level of 10345. On the opposite side once breaking the level of 10500, it is expected to go upward till the level of 10580. Bank nifty will be trading between the narrow ranges of 10345-10500.
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