Today Indian stock market was too much volatile, as European markets traded strong. As a result of this markets are still bearish and was down below 5250 which can make nifty touching its support to 4850. The S&P CNX Nifty was finally settled at 5275.85, which was up by 17.95 points or 0.34 %. The FTSE index was up by 33 points, CAC index by 34 points and DAX index by 38 points. Today's top gainers were Tata Consultancy, Ambuja Cements, IDFC, Sun Pharma, HDFC etc. and top loosers were Jaiprakash Associates, DLF, Reliance Infrastructure, Steel Authority, Bharat Petroleum etc.
The Sensex closed at 17560, which was up by 54 points as compared to its previous session's close.
On the other hand, Nifty Futures finally manages to settle and close at 5276, which was up by near about 17% or 0.31%. Nifty is still looking bearish in next trading session if it manages to trade below the support level of 5170 or above the resistance level of 5375 it would be in upward trend.
Support & Resistance Level for Wednesday:-
It has resistance close to the level of 5375 & above this level the next resistance is near the 5420 mark. It has support close to the level of 5170 & below this level the next support is near 5085 mark.
The Sensex closed at 17560, which was up by 54 points as compared to its previous session's close.
On the other hand, Nifty Futures finally manages to settle and close at 5276, which was up by near about 17% or 0.31%. Nifty is still looking bearish in next trading session if it manages to trade below the support level of 5170 or above the resistance level of 5375 it would be in upward trend.
Support & Resistance Level for Wednesday:-
It has resistance close to the level of 5375 & above this level the next resistance is near the 5420 mark. It has support close to the level of 5170 & below this level the next support is near 5085 mark.
0 comments
Post a Comment