Nifty Prediction and Levels for Tomorrow- Friday 26th August 2011

S&P CNX Nifty gave gap up open but was not able to sustain and selling pressure was seen as soon as market was opened and traded voletile. The Nifty touched a high of 4,915 during the opening trades and moved between gains and losses before giving into selling pressure in the last half an hour of the trade. The Nifty finally settled and closed at 4,840, down 49 points.
Nifty Futures settled and closed at 4888.90 down by -60 points or -1.21 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 4800 or above the resistance level of 4912 it would be in an upward trend.

Nifty Futures Support and Resistance Levels for Friday:-
Resistance1- 4912 & above this level
Resistance2- 4975.
Support1- 4800 & below this level
Support2- 4665.

Nifty Prediction and Levels for Tomorrow- Thursday 25th August 2011

Today the 50-share S&P CNX Nifty opened at 4935 and after trading choppy for the for the first half and in remaining session session performed weak and touched the day low of 4875. Nifty dropped by over 78.10 points as investors sold stocks to book profit after recent rally amid weak Asian cues. The 50-share barometer fell by -78.10 points at the close to settle at 4869.30 points.
Nifty Futures finally settled and closed at 4888.90 which is down by -60 points or -1.21 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 4865 or above the resistance level of 4975 then it would be in an upward trend.

Nifty Futures Support and Resistance Levels for Thursday:-
Resistance1- 4975 & above this level
Resistance2- 5076.
Support1- 4865 & below this level
Support2- 4800.

Nifty Prediction and Levels for 4th August 2011

Nifty Futures finally settled and closed at 5429.45 which is down by 37.05 or -0.68 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 5380 or above the resistance level of 5440 it would be in an upward trend.

Nifty Futures Support and Resistance Levels for Thursday:-
Resistance1- 5440 & above this level Resistance2- 5500.
Support1- 5380 & below this level Support2- 5330. 

Market Review:-
Today Indian markets traded on a strong note with huge gains than in previous sessions and ended higher. Strong cues from Asian markets and sustained buying by foreign investors, helped the markets to trade in green and with good volumes. Today Sugar sector also traded with broad gains, Metals, FMCG and banks today also leads the rally. Nifty managed to cross and then close at 5600. Sensex shut shop at 18709 which was up by 217 points from the previous close. CNX Midcap index was also up by 0.5% as BSE Smallcap index too traded well and was up by 1%. Tomorrow some volatile movements may be seen as Nifty June future expiry on Thursday. Today's Top Gainers were Sterlite Industries with +3.54%, IDFC with +3.44%, ITC Ltd. with +2.94%, Hindustan Unilever L with +2.84%, HDFC Bank with +2.73%. Top Loosers were ONGC with -1.91%, Bajaj Auto Ltd. with -1.29%, Jaiprakash Associates with -1.27%, Jaiprakash Associates with -1.27%, GAIL (India) Ltd. with -1.05%.


Nifty Futures:-
On the other hand, Nifty traded well and showed good strength to close in green with good volumes. As tomorrow is expiry of Nifty Futures June therefore some volatile movements may be seen. Today Nifty futures finally shut up at 5604.10resistance level of 5625 or below the support level of 5490 then it would be in a downward trend. which was up by 55.08 points or 0.99 %. It is expected to continue it's bullish trend in coming trading session if it would be able to manage to trade above the
It has resistance close to the level of 5625 & above this level the next resistance is near the 5726 mark. It has support close to the level of 5564 & below this level the next support is near the 5440 mark.


Bank Nifty Futures:-
Today Bank Nifty Futures also traded in green with good volumes. CNX Bank Index gained 99.30 points or 0.90 %. Amongst the banking stocks Development Credit Bank, HDFC Bank and Lakshmi Vilas Bank were the leaders of the rally.
Bank Nifty Futures settled and closed at 11206.40 which was up by 105.35 or 0.95 %. It is expected to continue it's bullish trend in the coming trading session if it would be able to manage to trade above the resistance level of 11240 or below the support level of 10990 then it would be in a downward trend.
It has resistance close to the level of 11240 above this level the next resistance is near to the level of 11730. It has support close to the level of 10990 & below this level the next support is near 10810 marks.

 

CNX Bank Index today  gained 49.65 points (+ 0.45 %) . Amongst the banking stocks ING Vysya, South India and Yes Bank were the top gainers.
Bank Nifty Futures closed at 11039.55 down 17.85 points or 0.16 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11120 else below support level of 10900 it would be in a downward trend.
It has resistance close to the level of 11120 above this level the next resistance near to the level of 11240. It has support close to the level of 11900 & below this level the next support near 10780 marks.