Share Market Review:-
Weakness in Reliance Industries and Bharat Heavy Electricals dragged the markets down while Banking, Auto and IT supported the indices. The markets closed with moderate declines. The Sensex settled and closed at 18745 which was down by 70 points from its previous close. In today's trading session the CNX Midcap index was down by 0.3% while the BSE Smallcap index gained 0.2%. Today's Top Gainers were Reliance Capital with +2.84%, Grasim Industries with +2.82%, Ranbaxy Labs. with +2.71%, Steel Authority with +2.52%, Mahindra & Mahindra with +1.99%. Top Loosers were Bharat Heavy Electricals with -4.66%, Cairn India Ltd. with -3.35%, Reliance Industries with -2.59%, Hindalco Industries with -1.89%, IDFC with -1.63%.
Nifty Futures:-
Today Indian shares slipped 0.4% as investors gains after a revival of foreign interest triggered the recent sharp rally, The S&P CNX NIFTY ended at 5632.10 which was down by -18.40 points or 0.33 % from it's previous close.
The Nifty futures finally shut stop at 5651.10 and down by -14.75 points or 0.26 %. It is expected to be 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 it would be in a downward trend.
Resistance and Support Levels for Wednesday:-
It has resistance close to the level of 5726 & above this level the next resistance is near the 5600 mark. It has support close to the level of 5600 & below this level the next support is near the 5564 mark.
Bank Nifty Futures:-
Today banking sector supported the indices with moderate gains, the CNX Bank Index gained 26.30 points or 0.23 %. Amongst the banking stocks Central Bank, State Bank of India and Bank of Baroda were the leaders of the row.
Bank Nifty Futures settled and closed at 11452.05 which was up by 36.75 or 0.32 %. It is expected to be bullish in the coming trading session if it would be able to manage to trade above the resistance level of 11480 or below the support level of 11325 it would be in a downward trend.
Resistance and Support Levels for Wednesday:-
It has resistance close to the level of 11480 above this level the next resistance is near to the level of 11780. It has support close to the level of 11325 & below this level the next support is near the 11210 marks.
Weakness in Reliance Industries and Bharat Heavy Electricals dragged the markets down while Banking, Auto and IT supported the indices. The markets closed with moderate declines. The Sensex settled and closed at 18745 which was down by 70 points from its previous close. In today's trading session the CNX Midcap index was down by 0.3% while the BSE Smallcap index gained 0.2%. Today's Top Gainers were Reliance Capital with +2.84%, Grasim Industries with +2.82%, Ranbaxy Labs. with +2.71%, Steel Authority with +2.52%, Mahindra & Mahindra with +1.99%. Top Loosers were Bharat Heavy Electricals with -4.66%, Cairn India Ltd. with -3.35%, Reliance Industries with -2.59%, Hindalco Industries with -1.89%, IDFC with -1.63%.
Nifty Futures:-
Today Indian shares slipped 0.4% as investors gains after a revival of foreign interest triggered the recent sharp rally, The S&P CNX NIFTY ended at 5632.10 which was down by -18.40 points or 0.33 % from it's previous close.
The Nifty futures finally shut stop at 5651.10 and down by -14.75 points or 0.26 %. It is expected to be 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 it would be in a downward trend.
Resistance and Support Levels for Wednesday:-
It has resistance close to the level of 5726 & above this level the next resistance is near the 5600 mark. It has support close to the level of 5600 & below this level the next support is near the 5564 mark.
Bank Nifty Futures:-
Today banking sector supported the indices with moderate gains, the CNX Bank Index gained 26.30 points or 0.23 %. Amongst the banking stocks Central Bank, State Bank of India and Bank of Baroda were the leaders of the row.
Bank Nifty Futures settled and closed at 11452.05 which was up by 36.75 or 0.32 %. It is expected to be bullish in the coming trading session if it would be able to manage to trade above the resistance level of 11480 or below the support level of 11325 it would be in a downward trend.
Resistance and Support Levels for Wednesday:-
It has resistance close to the level of 11480 above this level the next resistance is near to the level of 11780. It has support close to the level of 11325 & below this level the next support is near the 11210 marks.
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