Share Market Review:-
Today Indian markets closed with moderate decline, markets made high of 5706. Oil & Gas, Auto & Pharma were the worst performers of today's trading session as Reality, IT and Metals traded very well and became the top performers of today's trading session. The European markets traded on a flat note. The FTSE index was up by 14 points, CAC index was flat and DAX index also traded flat. Sensex settled and closed at 18763 which was down by 83 points from it's previous trading session. CNX Midcap index was up by 0.7% as BSE Smallcap also gained 0.8%. Today's Top 5 Gainers were DLF Ltd. with +4.68%, Cairn India Ltd. with +4.51%, Hindalco Industries with +3.57%, IDFC with +2.93%, GAIL (India) Ltd. with +2.16%. Top 5 Loosers were Reliance Industries with -4.07%, Ambuja Cements Ltd. with -3.14%, Bharti Airtel with -2.90%, Ranbaxy Labs. with -2.62%, Hindustan Unilever L with -2.01%.
Nifty Futures:-
As from the previous rally, the NSE benchmark Nifty was down by near about 20 points. Nifty managed to hold its level of 5600, below today’s low of 5610 some selling pressure is expected which could drag Nifty to the levels of 5500. The S&P CNX Nifty ended at 5627.20 which was down by 20.20 points or 0.36%.
The Nifty futures shut stop at 5632.85 which was down by -22.55 points or 0.40 %. It is once again looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5726 or below the support level of 5600 then it would be in a downward trend.
Resistance and Support Levels for Next Week (Monday):-
It has resistance close to the level of 5726 & above this level the next resistance is near the 5790 mark. It has support close to the level of 5600 & below this level the next support is near 5564 mark.
Bank Nifty Futures:-
Again Bank Nifty continued it's rally and CNX Bank Index gained near about 10.35 points or 0.09 %. Amongst the banking stocks Yes Bank, Union Bank of India and Vijaya Bank were the leaders of the row in today's trading session.
Bank Nifty Futures finally settled and closed at 11301 which was up by 39.95 or 0.35 %. Again 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 11350 or below the support level of 11140 then it would be in a downward trend.
Resistance and Support Levels for Next Week (Monday):-
It has resistance close to the level of 11350 above this level the next resistance is near to the level of 11780. It has support close to the level of 11140 & below this level the next support is near the 10810 marks.
Today Indian markets closed with moderate decline, markets made high of 5706. Oil & Gas, Auto & Pharma were the worst performers of today's trading session as Reality, IT and Metals traded very well and became the top performers of today's trading session. The European markets traded on a flat note. The FTSE index was up by 14 points, CAC index was flat and DAX index also traded flat. Sensex settled and closed at 18763 which was down by 83 points from it's previous trading session. CNX Midcap index was up by 0.7% as BSE Smallcap also gained 0.8%. Today's Top 5 Gainers were DLF Ltd. with +4.68%, Cairn India Ltd. with +4.51%, Hindalco Industries with +3.57%, IDFC with +2.93%, GAIL (India) Ltd. with +2.16%. Top 5 Loosers were Reliance Industries with -4.07%, Ambuja Cements Ltd. with -3.14%, Bharti Airtel with -2.90%, Ranbaxy Labs. with -2.62%, Hindustan Unilever L with -2.01%.
Nifty Futures:-
As from the previous rally, the NSE benchmark Nifty was down by near about 20 points. Nifty managed to hold its level of 5600, below today’s low of 5610 some selling pressure is expected which could drag Nifty to the levels of 5500. The S&P CNX Nifty ended at 5627.20 which was down by 20.20 points or 0.36%.
The Nifty futures shut stop at 5632.85 which was down by -22.55 points or 0.40 %. It is once again looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5726 or below the support level of 5600 then it would be in a downward trend.
Resistance and Support Levels for Next Week (Monday):-
It has resistance close to the level of 5726 & above this level the next resistance is near the 5790 mark. It has support close to the level of 5600 & below this level the next support is near 5564 mark.
Bank Nifty Futures:-
Again Bank Nifty continued it's rally and CNX Bank Index gained near about 10.35 points or 0.09 %. Amongst the banking stocks Yes Bank, Union Bank of India and Vijaya Bank were the leaders of the row in today's trading session.
Bank Nifty Futures finally settled and closed at 11301 which was up by 39.95 or 0.35 %. Again 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 11350 or below the support level of 11140 then it would be in a downward trend.
Resistance and Support Levels for Next Week (Monday):-
It has resistance close to the level of 11350 above this level the next resistance is near to the level of 11780. It has support close to the level of 11140 & below this level the next support is near the 10810 marks.
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