| 0 comments ]
Labels: , , , , , , , ,

Share Market Review:-
Today Indian markets ended the week quietly and markets closed with significant loss. Metals were the worst performers of today's trade, Realty closed positive in today's session. Both the benchmark indices closed below their levels of 19,000 and 5,700. Stock prices of metal and mining companies remained under pressure. The sensex settled and closed at 18858 which was down by 220 points. The CNX Midcap index was down by 0.7% as BSE Smallcap index also lost 0.9% in today's session. The European markets traded flat the FTSE and CAC traded flat as DAX index was up by 18 points. Todays Top Gainers were Siemens, Ranbaxy, ONGC, Cairn etc. Top losers were Sesa Goa, SAIL, Grasim, Hindalco etc.

Nifty Futures:-
Today S&P CNX Nifty opened at 5735. The S&P CNX Nifty closed at 5660.65 which was down by -68.30 points or 1.19 %. The market breadth was negative.
The Nifty futures finally shut stop at 5664 which was down by -80.60 points or -1.40 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 5790 or below the support level of 5600 it would be in a downward trend.
Technical Resistance and Support Levels for monday:-
It has resistance close to the level of 5790 & above this level the next resistance is near the 5870 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 some pressure on banking sector is seen but soon it recovered as a result of which CNX Bank Index rallied 143.05 points or 1.27 %. Amongst the banking index stocks IDBI Bank, Axis Bank and State Bank of India were the leaders of the row.
Bank Nifty Futures finally shut stop at 11459 and was up by 141.20 or 1.25 %. It is looking bullish in the coming trading session if it would be able to manage to trade above the resistance level of 11500 or below the support level of 11270 it would be in a downward trend.
Technical Resistance and Support Levels for Monday:-
It has resistance close to the level of 11500 above this level the next resistance is near to the level of 11780. It has support close to the level of 11270 & below this level the next support is near 11090 marks.




0 comments

Post a Comment