Nifty Futures:-
S&P CNX Nifty opened flat and traded choppy in initial session, and made high of 5627. After a range bound movement of nearly 3 - 4 trading sessions, Nifty managed to give a close marginally above its psychological level of 5,600. Nifty Futures finally settled and closed above the 5,600 mark and is showing a short term pull back.
If it would be able to trade above 5,650 levels, then rally to 5,700/5,750 levels may be seen. If it does not show strength above 5,650 levels then some selling pressure till 5,550/5,500/5,450 may also be see.
Support and Resistance Levels for Wednesday:-
It has resistance at 5,680-5,750 and supports at 5,550-5,460.
Bank Nifty Tomorrow:-
Today CNX Bank Index made a drastic movement and gained about 85 points or 0.76 %. ING Vysya Bank, State Bank of Bikaner & Jaipur and Vijaya Bank leads the row.
Today Bank Nifty Futures rallied 97.60 and shut stop at 11347 which was up by 0.87 %. Now If it would be able to trade above the resistance level of 11405, it could see some more upside levels or below support level of 11085 it would be in a downward trend.
Support and Resistance Levels for Wednesday:-
It has resistance close to the level of 11405 above this level the next resistance is near to the level of 11500. It has support close to the level of 11200 & below this level the next support is near 11080 marks.
S&P CNX Nifty opened flat and traded choppy in initial session, and made high of 5627. After a range bound movement of nearly 3 - 4 trading sessions, Nifty managed to give a close marginally above its psychological level of 5,600. Nifty Futures finally settled and closed above the 5,600 mark and is showing a short term pull back.
If it would be able to trade above 5,650 levels, then rally to 5,700/5,750 levels may be seen. If it does not show strength above 5,650 levels then some selling pressure till 5,550/5,500/5,450 may also be see.
Support and Resistance Levels for Wednesday:-
It has resistance at 5,680-5,750 and supports at 5,550-5,460.
Bank Nifty Tomorrow:-
Today CNX Bank Index made a drastic movement and gained about 85 points or 0.76 %. ING Vysya Bank, State Bank of Bikaner & Jaipur and Vijaya Bank leads the row.
Today Bank Nifty Futures rallied 97.60 and shut stop at 11347 which was up by 0.87 %. Now If it would be able to trade above the resistance level of 11405, it could see some more upside levels or below support level of 11085 it would be in a downward trend.
Support and Resistance Levels for Wednesday:-
It has resistance close to the level of 11405 above this level the next resistance is near to the level of 11500. It has support close to the level of 11200 & below this level the next support is near 11080 marks.
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