Next week the market will stay sideways in the near-term. The Nifty is likely to find support in the 5,300-5,400 band and resistance in the 5,500-5,600 range. A measured approach is called for to navigate through the current uncertain times.
Showing posts with label Nifty View. Show all posts
Showing posts with label Nifty View. Show all posts
Labels:
Intraday Tips for Next Week,
Nifty For Next Week,
Nifty Trend,
Nifty View,
Share Tips for Tomorrow
Labels:
Intraday Nifty Prediction,
Intraday Tips,
Intraday Tips for Today,
Intraday Tips for Tomorrow,
Nifty Levels,
Nifty Trend tomorrow,
Nifty View
Today market edged higher in the afternoon session and ended the day on a positive note after engineering conglomerate L&T (Larsen & Tourbo) reported 17% rise in the fourth quarter profit. The S&P CNX Nifty ended at 5,428.10, up 7.50 points or 0.14 %.
The Nifty futures closed and settled finally at 5424.80, up by 0.75 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5385 else above resistance level of 5465 it would be in an upward trend.
It has resistance close to the level of 5465 & above this level the next resistance near the 5540 mark. It has support close to the level of 5385 & below this level the next support near 5310 mark.
The Nifty futures closed and settled finally at 5424.80, up by 0.75 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5385 else above resistance level of 5465 it would be in an upward trend.
It has resistance close to the level of 5465 & above this level the next resistance near the 5540 mark. It has support close to the level of 5385 & below this level the next support near 5310 mark.
Labels:
Bank Nifty Futures,
Bank Nifty Levels for Tomorrow,
Free Intraday Tips,
Intraday Calls Today Tomorrow,
Nifty Futures for Thursday 19 May 2011,
Nifty View,
Technical Outlook
CNX Bank Index lost -243.50 points or -2.23 %. Amongst the banking stocks Canara Bank, Dena Bank and State Bank of India lead the row.
Bank Nifty Futures shut stop at 10661.05 down by -210.25 points or -1.93 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10520 else above resistance level of 10685 it would be in an upward trend.
It has resistance close to the level of 10685 above this level the next resistance near to the level of 10980. It has support close to the level of 10520 & below this level the next support near 10370 marks.
Bank Nifty Futures shut stop at 10661.05 down by -210.25 points or -1.93 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10520 else above resistance level of 10685 it would be in an upward trend.
It has resistance close to the level of 10685 above this level the next resistance near to the level of 10980. It has support close to the level of 10520 & below this level the next support near 10370 marks.