Nifty Tips
The Indian markets started the week with a bang where the key benchmark indices opened at their highest levels in more than a week on the back of positive Asian cues. Finally the S&P CNX NIFTY settled in the red, closing down -3 points at 5473.10 which is down 53 points from the day's high.
The Nifty futures closed and settled finally at 5467, up by 0.65 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade support level of 5410 else above resistance level of 5540 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5320 mark
The Nifty futures closed and settled finally at 5467, up by 0.65 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade support level of 5410 else above resistance level of 5540 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5320 mark
In banking, CNX Bank Index gained 58.80 points or 0.55 %. Amongst the banking stocks Karnataka Bank, Union Bank of India and Central Bank of India lead the row.
Bank Nifty Futures shut stop at 10702 up by 63.45 points or 0.60 %. It is looking bearish in the coming trading session if it manages to trade support level of 10620 else above resistance level of 10750 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10620 & below this level the next support is seen near 10430 marks.
Bank Nifty Futures shut stop at 10702 up by 63.45 points or 0.60 %. It is looking bearish in the coming trading session if it manages to trade support level of 10620 else above resistance level of 10750 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10620 & below this level the next support is seen near 10430 marks.
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