Today both the benchmark indices gained more than 1%. Finally it was good day for all the markets, the Indian stock market gives a good start for the week on the positive note. The government removed the 5% customs duty on crude oil, brought down the import duty on petrol and diesel from 7.5% to 2.5% and also reduced the excise duty on diesel by Rs 2.60 to Rs 2 per litre. Today the markets closed with strong gains, banking, auto and oil & gas were the top performers, while FMCG, consumer durables and realty closed with marginal declines. Today Sensex closed at 18431, which was up by 190 points from its previous close, The CNX Midcap index was up by 1.4% while the BSE Smallcap index also gained 0.8% in today's trading session. Today total markets turnover crossed more than Rs. 1.7 lakh crores, except CNX Realty all other indices closed in positive on NSE. Today's nifty top gainers were Bharat Petroleum, Power Grid Corporation, ONGC, Maruti Suzuki India, Mahindra & Mahindra etc. Top loosers were Reliance Infrastructure, Grasim Industries, DLF Ltd, ITC Ltd, Ambuja Cements etc.
Nifty Futures:-
On the other hand, Nifty recovered very fastly as nifty was trading on 5252 levels on Thursday and from the crucial support market bounced back 300 points within 3 days which makes today’s high of 5553 with good volumes. The Nifty Futures finally closed at 5534.20, which was up by 59 points or 0.91 %. It is now looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5560 or below the support level of 5440 then it would be in a downward trend.
Resistance & Support Levels for Tuesday:-
It has resistance close to the level of 5560 & above this level the next resistance is near the 5625 mark. It has support close to the level of 5440 & below this level the next support is near 5335 mark.
Bank Nifty Futures:-
Today Bank nifty continued it's spectacular rally and CNX Bank Index gained about 178 points or 1.64 %. Amongst all banking stocks Yes Bank, Karnataka Bank and Axis Bank were the main leaders of today's trading session.
Bank Nifty Futures finally settled and shut stop at 11059.75 which was up by 178.95 points or 1.64 %. It is also looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 11100 or below support level of 10810 then it would be in a downward trend.
Support & Resistance Levels for Tuesday:-
It has resistance close to the level of 11100 above this level the next resistance is near to the level of 11240. It has support close to the level of 10810 & below this level the next support is near the level of 10610 marks.
Nifty Futures:-
On the other hand, Nifty recovered very fastly as nifty was trading on 5252 levels on Thursday and from the crucial support market bounced back 300 points within 3 days which makes today’s high of 5553 with good volumes. The Nifty Futures finally closed at 5534.20, which was up by 59 points or 0.91 %. It is now looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5560 or below the support level of 5440 then it would be in a downward trend.
Resistance & Support Levels for Tuesday:-
It has resistance close to the level of 5560 & above this level the next resistance is near the 5625 mark. It has support close to the level of 5440 & below this level the next support is near 5335 mark.
Bank Nifty Futures:-
Today Bank nifty continued it's spectacular rally and CNX Bank Index gained about 178 points or 1.64 %. Amongst all banking stocks Yes Bank, Karnataka Bank and Axis Bank were the main leaders of today's trading session.
Bank Nifty Futures finally settled and shut stop at 11059.75 which was up by 178.95 points or 1.64 %. It is also looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 11100 or below support level of 10810 then it would be in a downward trend.
Support & Resistance Levels for Tuesday:-
It has resistance close to the level of 11100 above this level the next resistance is near to the level of 11240. It has support close to the level of 10810 & below this level the next support is near the level of 10610 marks.
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