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Monday, June 13, 2011

Nifty/Bank Nifty Technical Outlook Today 13 June

Get Nifty/Bank Nifty Trading Tips Trend Range Levels (Monday, 13 June):-
The pre-opening session of the market begins with the Nifty and Sensex indicating a flat start today.The rallies we have seen are now over and the intermediate trend is now down.We may see strong intra-day rallies and traders should take advantage of this on either side.Last week's top NSE gainers: Bharat Petrolium, Bajaj Auto, NTPC, ITC Ltd., Bharti Airtel. 
The Sensex started the week down 83 points at 18,185 and the Nifty lost 26 points at 5,459.
Last Closing of Nifty was at 5485 points and today it may be in down trend.

Nifty Intraday(Spot) Levels:-
Resistance : Its first resistance level is at 5515 and above this level it could test the resistance level near the 5575 points.
Support : Its first support level is at 5455 and below this level it could have support level near 5390 points. 

Bank Nifty Levels & Trading Tips:-
Today crucial intraday Bank Nifty level is 10700. If Bank Nifty sustains below 10700, then it could test 10600, and below that level it could test10500.
Instead, if Bank Nifty trades above 
10700, then it could test 10800.


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