Today's NSE Market Review & Technical Outlook For 2 June 2011

The markets closed higher for the second consecutive day with the S&P CNX NIFTY continuing its northward journey and closing the day up 31.85 points or 0.57 % at 5592.
The Nifty futures closed and settled finally at 5590.45, up by 35.55 points or 0.64 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5630 else below support level of 5540 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5630 & above this level the next resistance is seen near the 5730 mark.  

SUPPORT: It has first support close to the level of 5540 & below this level the next support is seen near 5480 mark.

In banking, CNX Bank Index gained 12.55 points or 0.11 %. Amongst the banking stocks Vijaya Bank, Indian Overseas Bank and Bank of Maharashtra lead the row.

Bank Nifty Futures shut stop at 10948 up by 17.40 points or 0.16 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10850 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10990 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10850 & below this level the next support is seen near 10730 marks.

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Bank Nifty Futures Tomorrow 29 March| Intraday Levels

In banking, CNX Bank Index gained 136.10 points or 1.20 %. Amongst the banking stocks IDBI, Dhanlaxmi Bank and dena bank lead the row.

Bank Nifty Futures shut stop at 11430 up 306.25 points or 2.75 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11642 else below 11336 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11642 above this level the next resistance is seen near to the level of 11960.
SUPPORT: It has first support close to the level of 11336 & below this level the next support is seen near 11150 marks.

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Bank Nifty Trading Levels for 11th March

In banking, CNX Bank Index lost 124.55 points or -1.13 %. Amongst the banking stocks Indian Oversea Bank, ICICI Bank and Bank of Maharashtra lead the row.

Bank Nifty Futures shut stop at 10884, down 119 points or -1.08 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10970 else below 10775 it might be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 10970 & above this level the next resistance is seen near to the level of 11090.
SUPPORT: It has first support close to the level of 10775 & below this level the next support is seen near 10650 marks.

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Bank Nifty Futures- Levels for Thursday 10th Feb 2010

 Bank Nifty Futures closed at 10180, up 29.90 points or 0.29 %.In bank sector majority of stocks was down by 2%- 6%, Dena Bank, United Bank Of India, Canara Bank, Axis Bank lead the row. It is looking bearish in the coming trading session if it manages to trade below the support of 10035 else it has resistance at 10430 above this level it would be bullish in trend.

RESISTANCE: It has first resistance close to the level of 10430 & above this level the next resistance is seen near the 10520 mark.

SUPPORT: It has first support close to the level of 10035 & below this level the next support is seen near 9955 marks.

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Bank Nifty forecast: Trading levels for tomorrow

Bank Nifty had short covering after a sharp fall in last few days , and closed near to its days high. It can take more up move from here therefore one should take position after proper break out.

Resistance for bank nifty is at 11140/11324 and support is at 10633/10565 level.

RESISTANCE: It has first resistance close to the level of 11140 & above this level the next resistance is seen near the 11324 mark.

SUPPORT: It has first support close to the level of 10633 & below this level the next support is seen near 10565 marks.  

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Bank Nifty Technical Overview for Tuesday 21st Dec 2010

Bank nifty future is not sustaining at higher level .in last trading session its consolidation phase was continue. If it manages to sustain below 11180 level ,we can see some more down fall in it . One should adopted a strategy of sell at higher level until it break the level of 11700 ,support for bank nifty is at 11180/11045 and resistance is at 11445/11700 levels.

RESISTANCE- It has first resistance close to the level of 11445 & after it may face the next resistance close to the level of 11700.

SUPPORT-IT has first support close to the level of 11180& after it may get the next support close to the level of 11045.

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