Showing posts with label Nifty Technical Levels. Show all posts
Showing posts with label Nifty Technical Levels. Show all posts
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Yesterday, the markets remained volatile and Nifty closed below 4,749. For today, the markets are expected to open on a flat note and will take cues from global markets and will remain in sideway's, a break above 4,749 or below 4,658 will give a trend to the movement of the market. The traders are advised to trade long in Nifty only above 4,749 levels for targets around 4,800 levels with a strict stop loss at 4,719, short Nifty if it fails to cross 4,800 levels for targets of 4,749 with a strict stop loss at 4,719.
Positional Support for NIFTY 4702 - 4680.
Positional Resistance for NIFTY 4782 4836 4921 4940 4948 4964.

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In banking sector, CNX Bank Index gained -176.42 points or 0.96 %. Amongst the banking stocks Andhra Bank, Syndicate Bank and Development Credit Banks were the leaders.
Today Bank Nifty Futures shut stop at 10633 and was down by -191.30 points or -1.77 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
Resistance & Support Levels for Thursday:-
It has resistance close to the level of 10850 above this level the next resistance is near to the level of 10990. It has support close to the level of 10600 & below this level the next support is near 10330 marks.

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In banking sector, Today CNX Bank Index gained 86.45 points or 0.81 %. Amongst the banking stocks Axis Bank, Central Bank and ICICI Banks were the leaders.
Bank Nifty Futures shut stop at 10824.30 and was up by 91.90 points or 0.86 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
Support & Resistance for Wednesday:-
It has resistance close to the level of 10850 above this level the next resistance is near to the level of 10990. It has support close to the level of 10760 & below this level the next support is near 10600 marks.

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Today Equities ended a lackluster session on a positive note as the market discounted higher than expected inflation. WPI May inflation rose to 9.06 per cent as against 8.66 per cent in April. National Stock Exchange's Nifty ended at 5500.50,  and was up by 17.70 points or 0.32 % per cent. The broader index touched a high of 5520.15 and low of 5484.20 intraday.
Nifty futures closed and settled at 5516.10 and up by 17.60 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5490 else above resistance level of 5545 it would be in an upward trend.
Support & Resistance for Wednesday:-
It has resistance close to the level of 5545 & above this level the next resistance is near the 5630 mark. It has support close to the level of 5490 & below this level the next support is near 5310 mark.

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Today benchmark indices ended around the previous week's levels. The S&P CNX Nifty touched a low of 5,436.95 in afternoon session and recovered fully to close at 5,482.80, and down by -3.00 points.
The Nifty futures closed and settled at 5501.90 and was up by 17.75 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5410 else above resistance level of 5520 it would be in an upward trend.
Resistance & Support for Tuesday:-
It has resistance close to the level of 5520 & above this level the next resistance is near the 5630 mark. It has support close to the level of 5410 & below this level the next support is near 5310 mark.

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In banking sector, Today CNX Bank Index gained 3.25 points or 0.03 %. Amongst the banking stocks Karnataka Bank, Jammu & Kashmir Bank and Lakshmi Vilas Bank were the leaders.
Bank Nifty Futures shut stop at 10748 up by 53.05 points or 0.50 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10815 it would be in an upward trend.
Resistance & Support for Tuesday:-
It has resistance close to the level of 10815 above this level the next resistance is near to the level of 10990. It has support close to the level of 10600 & below this level the next support is near 10430 marks.


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In banking, CNX Bank Index lost -71.15 points or -0.66 %. Amongst the banking stocks Central Bank, Deana Bank and Vijaya Bank were the leaders.
Bank Nifty Futures closed and settled at 10690.05 and down by -98.60 points or -0.91 %. It is looking bearish in the coming trading sessions if it manages to trade below the support level of 10600 else above resistance level of 10815 it would be in an upward trend.
Resistance & Support for Monday:-
It has resistance close to the level of 10815 above this level the next resistance is near to the level of 10990. It has support close to the level of 10600 & below this level the next support is near 10330 marks.

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In banking, CNX Bank Index lost -9.39 points or -0.05 %. Amongst the banking stocks State Bank of India, United Bank of India and Kotak Mahindra Bank leads.Bank Nifty Futures shut at 10788.45 and was down by -11 points or -0.10 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10850 else below support level of 10720 it would be in a downward trend.
It has resistance close to the level of 10850 above this level the next resistance near to the level of 10990. It has support close to the level of 10720 & below this level the next support near 10620 marks.

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In banking, CNX Bank Index lost -82 points or -0.18 %. Among the banking stocks Union Bank of India, Dena Bank and Oriental Bank of Commerce lead.Bank Nifty Futures shut stop at 10810 down by -70.10 points or -0.64 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10925 else below support level of 10750 it would be in a downward trend.
It has resistance close to the level of 10925 above this level the next resistance near to the level of 10990. It has support close to the level of 10750 & below this level the next support near 10620 marks.

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The S&P CNX Nifty added 63 points or 1.18 % to close at 5476.10. 
The Nifty futures closed and settled finally at 5472, up by 81.35 points or 1.51 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5490 else below support level of 5415 it would be in a downward trend.
It has resistance close to the level of 5490 & above this level the next resistance near the 5530 mark. It has support close to the level of 5415 & below this level the next support near 5310 mark.

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The S&P CNX Nifty closed down -78.90 points or -1.40 % to 5586.15.
The Nifty futures closed and settled finally at 5486.60, down by -78.05 or -1.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 above the resistance level of 5580 it would be in an upward trend.
It has resistance close to the level of 5580 & 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.

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The markets had a gap-up opening on the back of the positive cues from Wall Street and an enthusing start to the proceedings across Asia. The S&P CNX Nifty closed at 5851.65, up by 110.90 or 1.93 %.
Nifty futures closed and settled finally at 5874, up by 113.70 or 1.97 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5925 else below support level of 5765 it would be in a downward trend.
It has resistance close to the level of 5925 & above this level the next resistance near the 6000 mark. It has support close to the level of 5665 & below this level the next support near 5700 mark.

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Nifty Futures
Sell Nifty Futures above Rs 5,995-6,000 for target Rs 5,970-5,950 and stop loss above Rs 6,010.

Bank Nifty Futures
Sell Bank Nifty Futures above Rs 11,970-80 for target Rs 11,910-11,850 and stop loss above Rs 12,010.





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In banking, CNX Bank Index lost 114.50 points or -0.51 %. Amongst the banking stocks Union Bank of India, Yes Bank and State Bank of India lead the row.

Bank Nifty Futures shut stop at 11689 down -74.35 points or 0.63 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11800 else below 11580 it would be in a downward trend.

It has first resistance close to the level of 11800 above this level the next resistance is seen near to the level of 11960.It has support close to the level of 11580 & below this level the next support near 11335 marks.


 

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CNX Bank Index lost 59.75 points or -0.51 %. Amongst the banking stocks Union Bank of India, Yes Bank and State Bank of India lead the row.
Bank Nifty Futures shut stop at 11705.05 down -84.70 points or 0.72 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11900 else below 11580 it would be in a downward trend.
It has resistance close to the level of 11900 above this level the next resistance near to the level of 12050. It has support close to the level of 11580 & below this level the next support near 11330 marks.