Nifty Prediction and Levels for 2nd August 2011
 
Today S&P CNX Nifty opened at 5479 and traded volatile whole day in range of 5460 and 5520. After four days continuous loss Indian benchmark recovered and S&P CNX Nifty was able to end up in green.
Nifty drops by 152 points on weekly basis i.e. 2.7%. Spot Nifty ended the session at 5516.80 adding 34.80 (0.63%) points to its previous close while Nifty Futures finally shut stop at 5528.55 up by 40.55 or 0.74%.

Nifty Futures Support and Resistance Levels for Tuesday:-
Resistance1- 5536 & above this level Resistance2- 5585.
Support1- 5464 & below this level Support2- 5440.

Nifty Prediction and Levels for Tomorrow- Friday 28th July 2011

Today Nifty was down by 56.05 and closed below 5500 mark at 5487.75. Out of 50 stocks in NSE Nifty, 37 stocks ended in red. Nifty Futures is currently in sideways trend. Now markets may take upside move and some recovery from here may be seen. The support level for downside is near 5440-20 and if it breaks the level, it can suffer some serious sell offs. Resistance is near 5500-5522 levels.

Nifty Futures Support and Resistance Levels for Friday:-
Resistance1- 5510.66
Resistance2- 5522.63
Support1- 5486.74
Support2- 5474.77

Nifty Prediction and Levels for Tomorrow- Wednesday 27th July 2011

Today CNX Nifty opened at 5688 and and made high of 5702 then it traded choppy till the RBI policy came. Sudden selling was seen in market as RBI announced rise of further 50 basis points. And Nify made intraday low of 5560. The Spot Nifty is now at 5574.85 down 105.45 points or -1.86 %.
Nifty Futures settled and closed at 5577.30 which is down by -113.35 or -1.99 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 5555 or above the resistance level of 5710 it would be in an upward trend.

Nifty Futures Support and Resistance Levels for Wednesday:-
Resistance1- 5710 & above this level Resistance2- 5790.
Support1- 5555 & below this level Support2- 5490.

Nifty Prediction and Levels for Tomorrow- Tuesday 26th July 2011

Today Nifty made a drastic upward move, Nifty opened at 5634 and after making low of 5617 buying was seen in market and made intraday high of 5700.
Nifty settled at 5680.30 which is up by 46.35 points or 0.75%.
Nifty Futures finally settled and closed at 5687.70 which is up by 42.15 or 0.75 %. 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 5610 it would be in a downward trend.
Nifty Futures Support and Resistance Levels for Tuesday:-
Resistance1-  5790 & above this level Resistance2-  5900.
Support1-  5610 & below this level Support2-  5490.


 

Markets were choppy for the most part of the day as investors stayed to the sidelines due to lack of direction, but heavy selling during the afternoon trades front liners- ICICI Bank, ITC,  HDFC Bank  and Bharti Airtel dragged the NSE benchmark index S&P CNX Nifty, down -77.30 points or -1.40 % at 5458.40.
The Nifty futures closed and settled finally at 5458.40, down by -79.65 or -1.44 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5595 it would be in an upward trend.
It has resistance close to the level of 5595 & above this level the next resistance near the 5730 mark. It has support close to the level of 5440 & below this level the next support near 5350 mark.

Yesterday The C&P Nifty closed almost at the day's low. The Nifty Futures closed at 5798 showing a donfall of 56.90 points or almost 1%. The market seems to be bearish in near term and if Nifty trades below 5785 Level it could see some more downfall. Above the level of 5850, upward rally could be seen.
Resistance Levels are 5850-5935 and Support Levels are 5785-5760.

Nifty Futures Tips-
Sell Nifty futures below 5789 for Target 5760-5735 and Stop Loss 5840