Share Market Review:-
The Indian stock markets are trading in narrow range since the begning of the week, Today The Markets again remained in rangebound session with both benchmark indices closing on flat note with lower volumes. The European markets are also trading flat, The FTSE index down by 21 points, CAC index down by 2 points and DAX index up by 3 points. Banking and pharma stocks were the worst performers while ADAG stocks were under pressure, Reliance Industries and consumer durables showed good upward movement. The Sensex settled and closed at 18727 and down by 18 points from its previous close. The CNX Midcap index was up by 0.1% while BSE Smallcap index gained 0.2% in today's session. Today's Top Gainers were Tata Motors Ltd. with +1.92%, HDFC with +1.53%, Sesa Goa with +1.46%, Hindalco Industries with +1.42%, L & T with +.84%. Top Loosers were Reliance Capital with -2.49%, Reliance Communication Ltd with -2.41%, Dr. Reddy's Labs with -2.25%, Tata Power Co. with -2.06%, ICICI Bank with -1.99%.
Nifty Futures:-
Markets ended a volatile day on a flat note with selling pressure, The 50-share S&P CNX Nifty opened at 5623 and settled at 5625, down by 7 points. Today Nifty made high of 5655 and low of 5611.
The Nifty futures finally shut stop at 5636.65 and up by -14.45 points or -0.26 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5670 or below support level of 5600 it would be in a downward trend.
Resistance and Support Levels for Thursday:-
It has resistance close to the level of 5670 & above this level the next resistance is near the 5726 mark. It has support close to the level of 5600 & below this level the next support is near the 5490 mark.
Bank Nifty Futures:-
Today Banking sectors were the worst performers, CNX Bank Index lost -123.05 points or -1.08 %. Amongst the banking stocks Canara Bank, UCO Bank and Lakshmi Vilas Banks were the leaders of the row.
Bank Nifty Futures finally settled and closed at 11317.80 which was down by -134.25 or -1.17 %. It is looking 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 11280 it would be in a downward trend.
Resistance and Support Levels for Thursday:-
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 11280 & below this level the next support is near the 11090 marks.
The Indian stock markets are trading in narrow range since the begning of the week, Today The Markets again remained in rangebound session with both benchmark indices closing on flat note with lower volumes. The European markets are also trading flat, The FTSE index down by 21 points, CAC index down by 2 points and DAX index up by 3 points. Banking and pharma stocks were the worst performers while ADAG stocks were under pressure, Reliance Industries and consumer durables showed good upward movement. The Sensex settled and closed at 18727 and down by 18 points from its previous close. The CNX Midcap index was up by 0.1% while BSE Smallcap index gained 0.2% in today's session. Today's Top Gainers were Tata Motors Ltd. with +1.92%, HDFC with +1.53%, Sesa Goa with +1.46%, Hindalco Industries with +1.42%, L & T with +.84%. Top Loosers were Reliance Capital with -2.49%, Reliance Communication Ltd with -2.41%, Dr. Reddy's Labs with -2.25%, Tata Power Co. with -2.06%, ICICI Bank with -1.99%.
Nifty Futures:-
Markets ended a volatile day on a flat note with selling pressure, The 50-share S&P CNX Nifty opened at 5623 and settled at 5625, down by 7 points. Today Nifty made high of 5655 and low of 5611.
The Nifty futures finally shut stop at 5636.65 and up by -14.45 points or -0.26 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5670 or below support level of 5600 it would be in a downward trend.
Resistance and Support Levels for Thursday:-
It has resistance close to the level of 5670 & above this level the next resistance is near the 5726 mark. It has support close to the level of 5600 & below this level the next support is near the 5490 mark.
Bank Nifty Futures:-
Today Banking sectors were the worst performers, CNX Bank Index lost -123.05 points or -1.08 %. Amongst the banking stocks Canara Bank, UCO Bank and Lakshmi Vilas Banks were the leaders of the row.
Bank Nifty Futures finally settled and closed at 11317.80 which was down by -134.25 or -1.17 %. It is looking 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 11280 it would be in a downward trend.
Resistance and Support Levels for Thursday:-
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 11280 & below this level the next support is near the 11090 marks.
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