Market Review:-
Today Indian markets traded on a strong note with huge gains than in previous sessions and ended higher. Strong cues from Asian markets and sustained buying by foreign investors, helped the markets to trade in green and with good volumes. Today Sugar sector also traded with broad gains, Metals, FMCG and banks today also leads the rally. Nifty managed to cross and then close at 5600. Sensex shut shop at 18709 which was up by 217 points from the previous close. CNX Midcap index was also up by 0.5% as BSE Smallcap index too traded well and was up by 1%. Tomorrow some volatile movements may be seen as Nifty June future expiry on Thursday. Today's Top Gainers were Sterlite Industries with +3.54%, IDFC with +3.44%, ITC Ltd. with +2.94%, Hindustan Unilever L with +2.84%, HDFC Bank with +2.73%. Top Loosers were ONGC with -1.91%, Bajaj Auto Ltd. with -1.29%, Jaiprakash Associates with -1.27%, Jaiprakash Associates with -1.27%, GAIL (India) Ltd. with -1.05%.
Nifty Futures:-
On the other hand, Nifty traded well and showed good strength to close in green with good volumes. As tomorrow is expiry of Nifty Futures June therefore some volatile movements may be seen. Today Nifty futures finally shut up at 5604.10resistance level of 5625 or below the support level of 5490 then it would be in a downward trend. which was up by 55.08 points or 0.99 %. It is expected to continue it's bullish trend in coming trading session if it would be able to manage to trade above the
Bank Nifty Futures:-
Today Bank Nifty Futures also traded in green with good volumes. CNX Bank Index gained 99.30 points or 0.90 %. Amongst the banking stocks Development Credit Bank, HDFC Bank and Lakshmi Vilas Bank were the leaders of the rally.
Bank Nifty Futures settled and closed at 11206.40 which was up by 105.35 or 0.95 %. It is expected to continue it's bullish trend in the coming trading session if it would be able to manage to trade above the resistance level of 11240 or below the support level of 10990 then it would be in a downward trend.
Today Indian markets traded on a strong note with huge gains than in previous sessions and ended higher. Strong cues from Asian markets and sustained buying by foreign investors, helped the markets to trade in green and with good volumes. Today Sugar sector also traded with broad gains, Metals, FMCG and banks today also leads the rally. Nifty managed to cross and then close at 5600. Sensex shut shop at 18709 which was up by 217 points from the previous close. CNX Midcap index was also up by 0.5% as BSE Smallcap index too traded well and was up by 1%. Tomorrow some volatile movements may be seen as Nifty June future expiry on Thursday. Today's Top Gainers were Sterlite Industries with +3.54%, IDFC with +3.44%, ITC Ltd. with +2.94%, Hindustan Unilever L with +2.84%, HDFC Bank with +2.73%. Top Loosers were ONGC with -1.91%, Bajaj Auto Ltd. with -1.29%, Jaiprakash Associates with -1.27%, Jaiprakash Associates with -1.27%, GAIL (India) Ltd. with -1.05%.
Nifty Futures:-
On the other hand, Nifty traded well and showed good strength to close in green with good volumes. As tomorrow is expiry of Nifty Futures June therefore some volatile movements may be seen. Today Nifty futures finally shut up at 5604.10resistance level of 5625 or below the support level of 5490 then it would be in a downward trend. which was up by 55.08 points or 0.99 %. It is expected to continue it's bullish trend in coming trading session if it would be able to manage to trade above the
Resistance and Support Levels for Thursday:-
It has resistance close to the level of 5625 & above this level the next resistance is near the 5726 mark. It has support close to the level of 5564 & below this level the next support is near the 5440 mark.Bank Nifty Futures:-
Today Bank Nifty Futures also traded in green with good volumes. CNX Bank Index gained 99.30 points or 0.90 %. Amongst the banking stocks Development Credit Bank, HDFC Bank and Lakshmi Vilas Bank were the leaders of the rally.
Bank Nifty Futures settled and closed at 11206.40 which was up by 105.35 or 0.95 %. It is expected to continue it's bullish trend in the coming trading session if it would be able to manage to trade above the resistance level of 11240 or below the support level of 10990 then it would be in a downward trend.
Resistance and Support Levels for Thursday:-
It has resistance close to the level of 11240 above this level the next resistance is near to the level of 11730. It has support close to the level of 10990 & below this level the next support is near 10810 marks.
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