Nifty Trend Level Today 12 may 2015—By Equity Research Lab

NIFTY SPOT: 8325.25 (+1.63%) NIFTY FUT: 8337.65(+1.55%) Bulls ended the day with a bang, Equity benchmarks surged for the second straight session Monday, even as players are divided on whether the rally can sustain. The 30-share Sensex closed at 27507.30, up 401.91 points or 1.48 percent over its previous close. The Nifty closed at 8325.25, up 133.75 points or 1.63 percent. In the last two sessions, the Sensex has risen around 908 points and the Nifty around 268 points. There was good demand for mid cap shares too, with S&P BSE Midcap Index gaining over 2 percent. Brokers attributed much of the rise in the last of couple of sessions to short coveri- ng of positions, and said there was not much of fresh buying by institutional investors.

Daily Nifty Levels (SPOT)                                                                            Pivot: 8294.22

R1: 8363.78                                                                                                      S1: 8255.68

 R2: 8402.32                                                                                                     S2: 8186.12

R3: 8471.88                                                                                                      S3: 8147.58

Daily Nifty Levels (FUT)                                                                               Pivot: 8312.37

R1: 8382.13                                                                                                     S1: 8267.88

 R2: 8426.62                                                                                                    S2: 8198.12

R3: 8496.38                                                                                                     S3: 8153.63

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