Nifty Tips
Indian Markets Today
The markets opened lower tracking weak Asian peers after US Federal Reserve Chairman Ben Bernanke's statement that US economy was growing very slowly. The 50-share NSE Nifty down by -29.30 points or -0.53 %, to end at 5526.85.
Nifty Futures Outlook
The Nifty futures closed and settled finally at 5547.50 down by -29.70 points or -0.53 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5508 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5508 & below this level the next support is seen near 5415 mark.
Bank Nifty Futures Outlook
In banking, CNX Bank Index lost -82 points or -0.18 %. Amongst the banking stocks Union Bank of India, Dena Bank and Oriental Bank of Commerce lead the row.
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.
RESISTANCE: It has first resistance close to the level of 10925 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10750 & below this level the next support is seen near 10620 marks
The markets opened lower tracking weak Asian peers after US Federal Reserve Chairman Ben Bernanke's statement that US economy was growing very slowly. The 50-share NSE Nifty down by -29.30 points or -0.53 %, to end at 5526.85.
Nifty Futures Outlook
The Nifty futures closed and settled finally at 5547.50 down by -29.70 points or -0.53 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5580 else below support level of 5508 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5580 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5508 & below this level the next support is seen near 5415 mark.
Bank Nifty Futures Outlook
In banking, CNX Bank Index lost -82 points or -0.18 %. Amongst the banking stocks Union Bank of India, Dena Bank and Oriental Bank of Commerce lead the row.
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.
RESISTANCE: It has first resistance close to the level of 10925 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10750 & below this level the next support is seen near 10620 marks
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