Nifty Bank Nifty Prediction and Levels for Wednesday 10th August 2011
Nifty Future:-
Nifty is currently in sideways trend. In previous session the trend was bullish.The Nifty august series is trading at 10.55 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 5.61 lakh position in open interest and this accounts to 2.13 % of Total Open Interest in all series and cumulatively trading in average premium of 22.58 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down move. Current Market Price of Nifty Future is 5083.4.
Nifty Future Support and Resistance Levels for Wednesday:-
Resistance2- 5207.39, Resistance1- 5145.4
Support1- 5021.4, Support2- 4959.41
Bank Nifty:-
Bank Nifty is currently in sideways trend. In previous session the trend was bullish, in august series Bank Nifty future added 0.55 lakh position in Open Interest and this accounts to -4.027% of Total Open Interest in august series.The Aug series is trading at 30.65Rs premium to Underlying. Current Market Price of Bank Nifty is 10227.2.
Bank Nifty Support and Resistance Levels for Wednesday:-
Resistance2- 10504.44, Resistance1- 10365.82
Support1- 10088.58, Support2- 9949.96
Nifty Future:-
Nifty is currently in sideways trend. In previous session the trend was bullish.The Nifty august series is trading at 10.55 Rs premium to Underlying . In derivative cumulatively for all series contract Nifty future net added 5.61 lakh position in open interest and this accounts to 2.13 % of Total Open Interest in all series and cumulatively trading in average premium of 22.58 Rs to Underlying. The open interest is also increasing with trend and discount of share is also increasing indicating down move. Current Market Price of Nifty Future is 5083.4.
Nifty Future Support and Resistance Levels for Wednesday:-
Resistance2- 5207.39, Resistance1- 5145.4
Support1- 5021.4, Support2- 4959.41
Bank Nifty:-
Bank Nifty is currently in sideways trend. In previous session the trend was bullish, in august series Bank Nifty future added 0.55 lakh position in Open Interest and this accounts to -4.027% of Total Open Interest in august series.The Aug series is trading at 30.65Rs premium to Underlying. Current Market Price of Bank Nifty is 10227.2.
Bank Nifty Support and Resistance Levels for Wednesday:-
Resistance2- 10504.44, Resistance1- 10365.82
Support1- 10088.58, Support2- 9949.96
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