Nifty Trading Calls for 25th jan

Nifty Future today opened higher traded and saw a smart recovery in earlier session but still managed its range of 5755-5632 and it closed in flat note. It can take up moves in coming trading session if it manages to sustain above 5760 level. But the credit policy due tomorrow can bring some volatility in it. The monetary policy, RBI going to announce tomorrow will decide the sentiments of the market. Resistance for Nifty Future is 5760/5870 and it has support is at 5668/5625 levels.

RESISTANCE: It has first resistance close to the level of 5760 & above this level the next resistance is seen near the 5870 mark.

SUPPORT: It has first support close to the level of 5668 & below this level the next support is seen near 5525 mark.

Trading Recommendations- Buy Nifty above 5757 TGT-5780-5800-5820 SL-5690

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Banknifty Trading Strategy for 25th jan

Bank Nifty saw good recovery in last trading session after good result of ICICI Bank and its up move will continue in coming session If it breaks 11185 level. One should take position after proper break out. Resistance for Bank Nifty Future is at 11185/11325 and Support is at 10990/10745 levels

RESISTANCE: It has first resistance close to the level of 11185 & above this level the next resistance is seen near the 11325 mark.
SUPPORT: It has first support close to the level of 10990 & below this level the next support is seen near 10745 marks.

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