Nifty Today and Intraday Levels for 8th June 2011

Indian Market (NSE) Today- 

After making so many reds and Green finally the market closed in positive region making a mild gain for the day. The 50-share NSE Nifty Index  rose just 24.10 points or 0.44 %,  to end at 5,556.15.

The Nifty futures closed and settled finally at 5563 up by 28.80 points or 0.52 %. 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.

In banking, CNX Bank Index gained 18.80 points or 0.17 %. Amongst the banking stocks Yes Bank, Karnataka Bank and City Union Bank and Lakshmi Vilas Bank lead the row.

Bank Nifty Futures shut stop at 10882 up by 50.85 points or 0.47 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10935 else below support level of 10760 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10935 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10760 & below this level the next support is seen near 10620 marks

Posted in: Intraday Tips for 8 June,Nifty Prediction for tomorrow,Nifty Technical outlook