Nifty Tips
Market Today-
Benchmarks Indices ended on a flat note due to lack of interest from investors in a direction-less market. Auto, Pharma and Technology stocks ended in the red while capital goods and power space led the gainers pack. The 50-share NSE Nifty down by -5.80 points or -0.10% to end at 5521.05.
Nifty Futures technical Outlook
The Nifty futures closed and settled finally at 5522 down by -7.85 points or -0.14 %. 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 5475 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 5475 & below this level the next support is seen near 5415 mark.
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 lead the row.
Bank Nifty Futures shut stop at 10788.45 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.
RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10720 & below this level the next support is seen near 10620 marks
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