Bank Nifty || Nifty Futures Trend Today

Positive opening by Nifty Futures :

By 15-20 points at the range of 6070-6075.

Nifty Future is looking strong and should head higher in the coming days

Daily chart of Nifty Future is looking strong and should head higher in the coming days.

Support for Nifty at 5970 and 5920

Resistance for Nifty is at 6100 and 6150

Bank Nifty :-

Support for Bank Nifty at 12600 and 12500

Resistance for Bank Nifty is at 12975 and 13300

All major Asian markets are trading positive and European and US markets also closed positive.

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Nifty Analysis: Trend for Coming Week

Lets start with last week market where nifty  took breath at its resistance as expected. Nifty future closed with a loss of  nearly 2.5% while BSE Index closed with a loss of 2.5% as well. Capital goods, realty, banking and oil & gas played important roles in pulling the markets down whereas  IT and tech provided support to the Indian benchmarks. 

Now talk about the technical picture of the market. Since Nifty was not able to sustain at its high levels, throughout the market followed by Feb month of expiry and profit booking. This week nifty is forming lower bottoms and lower highs pattern in daily chart which indicate that, nifty does sustain at it high so down side really can be seen till 5350 level below that 5280 is next support. And still major hurdle for nifty is 5700 .

There is a major events is awaited in march month of contract like:- annual budget . Budget expectation keep remain mk violate. So be caution all trader and investors.

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Nifty Today and Intraday Trend for Tomorrow

Indian Share Market showed a significant gain on the back of firm global cues. International Monetary fund took an initiative to help the countries affected by Euro debt crisis which also supported the market to trade up.

Spot Nifty managed to cross above the psychological level of 5000 level and ended at 5018.40. Nifty Futures Shut its shop at 5020.25 up by 62.75 points (1.27%).

Nifty remained above 5000 level for most part of the trading session which is good sign for further extending this positive trend. Since Nifty kept hovering around 5K level so the chances of shorting pressure due to profit booking can not be ruled out.

Technically trend is bullish and trading above 5030 would bring more upside in Nifty Futures. While below 4990 Nifty may face sell off.






 

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Bank Nifty Futures Trend for Next week

Today (27 may, 11') CNX Bank Index gained 254.35 points or 2.43 %. Amongst the banking stocks Allahabad Bank, Vijaya Bank and Central Bank of India lead the row.

Bank Nifty Futures closed at 10638.55 with the gain of 254.80 points or 2.45 %. It is looking bullish for the coming trading sessions if it manages to trade above the resistance level of 10682 else below support level of 10430 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10682 above this level the next resistance is seen near to the level of 10750.

SUPPORT: It has first support close to the level of 10430 & below this level the next support is seen near 10330 marks

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Bank Nifty Futures Today And Prediction for Tomorrow

CNX Bank Index lost -171.60 points ( -1.55 %) . Amongst the banking stocks Allahabad Bank, Yes Bank and ING Vysya Bank lead the row.

HDFC, ICICI Bank, SBI, HDFC Bank shares Caused the Bank Nifty to batter down.

Bank Nifty Futures shut stop at 10875.30 down by 164.25 points or -1.55 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10780 else above resistance level of 11120 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11120 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10780& below this level the next support is seen near 10690 marks.

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Bank Nifty Futures- trend for tomorrow 21 April 2011

In banking, CNX Bank Index gained 207.80 points or 1.79 %. Amongst the banking stocks Kotak Mahindra Bank, Vijaya Bank, Axis Bank lead the row.

Bank Nifty Futures shut stop at 11856 up by 223.70 points or 0.92 It looking bullish in the coming trading session if it manages to trade above the resistance level of 11945 else below support level of 11650 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11735 above this level the next resistance is seen near to the level of 12050
SUPPORT: It has first support close to the level of 11650 & below this level the next support is seen near 11510 marks.

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Bank Nifty Future Tips For 25 March 2011

In banking, CNX Bank Index gained 112.25 points or 1.02 %. Amongst the banking stocks State Bank of Bikaner & Jaipur, Bank of Maharashtra and State Bank of Mysore lead the row.

Bank Nifty Futures shut stop at 11123.75 up 137.70 points or 1.25 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11155 else below 11000 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11155 above this level the next resistance is seen near to the level of 11325
SUPPORT: It has first support close to the level of 11000 & below this level the next support is seen near 10760 marks.

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Bank Nifty Futures Update and Trend for tomorrow

The banking index CNX Bank Index lost -0.50 points. Among banking City Union Bank, Canara Bank, Central Bank, Jammu & Kashmir closed on a positive note, up by 4-6 %.

Bank Nifty Futures shut stop at 10443, down -11.95 points or -0.11 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 10260 else above 10800 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10800 & above this level the next resistance is seen near to the level of 11000
SUPPORT: It has first support close to the level of 10260 & below this level the next support is seen near 10170 marks.

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Bank Nifty Futures: Next Week Out Look (Monday 28 Feb 2011)

The banking index CNX Bank Index gained 225.10 points or 2.20 % after the Economic Survey proposed to consider separate licenses for basic and full banking services. Among the other banking plays, Canara Bank, Axis Bank, Bank of Baroda, Bank of India, State Bank of India, Union Bank of India, IDBI Bank and Punjab National Bank gained in the region of 2-4.5 % each.

Bank Nifty Futures shut stop at 10491.10, up 236.80 points or 2.31 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 10260 else above 10520 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10520 & above this level the next resistance is seen near to the level of 10640.

SUPPORT: It has first support close to the level of 10260 & below this level the next support is seen near 10030 marks.

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Bank Nifty Today Review and Trend for tomorrow

Bank Nifty Futures closed at 10095, down 35.95 points or -0.35 %.In banking sector index heavy weighted SBI and PNB weakened by 86.90 or -3.37 % and 10.95 or -1.05 % respectively. Bank like United Bank of India and ING Vysya bank lead the row with 6.73 % or 3.99 % up respectively. It is looking bearish in the coming trading session if it manages to trade below the support level of 10010 else above 10325 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10325 & above this level the next resistance is seen near the 10430 mark.

SUPPORT: It has first support close to the level of 10010 & below this level the next support is seen near 9950 marks.

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Bank Nifty Closing and Trend For 8th Feb tomorrow

Bank Nifty Futures closed at 10399, down 23.80 points or 0.23 %.In bank sector some of stocks was down by 2%- 5%, PNB, Central Bank of India, Oriental Bank of Commerce lead the row. It is looking bearish in the coming trading session if it manages to trade below the support of 10385 else it has resistance at 10760 above this level it would be bullish in trend.

RESISTANCE: It has first resistance close to the level of 10760 & above this level the next resistance is seen near the 10850 mark.
SUPPORT: It has first support close to the level of 10340 & below this level the next support is seen near 10272 marks.

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Bank Nifty Position For Monday 31 Janaury 2011 (Next Week Trend)

Bank Nifty Future also saw sharp down fall and closed near to its days low. Its down fall will continue in next trading session. One should adopt a strategy of sell at higher level. Support for Bank Nifty Future is at 10555/10385 and It has Resistance is at 10950/11255 levels.

RESISTANCE: It has first resistance close to the level of 10950 & above this level the next resistance is seen near the 11255 mark.

SUPPORT: It has first support close to the level of 10955 & below this level the next support is seen near 10338 marks.

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Bank Nifty Trend For 19th January 2011

  Bank Nifty Future saw recovery from its bottom level and closed near to its days high. Bank Nifty may take up move above 10725 level in coming trading session. One should take position after proper break out. Resistance for Bank Nifty is at 10955/11185 and it has support at 10300/10171 levels.

RESISTANCE: It has first resistance close to the level of 10955 & above this level the next resistance is seen near the 11185 mark.

SUPPORT: It has first support close to the level of 10300 & below this level the next support is seen near 10171 marks.  

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Bank Nifty Trading Strategy for 28 Dec 2010

Bank nifty saw small correction in last trading session and closed near to its support level. We can see come more correction in it . One can adopt the strategy to go short at higher level until it breaks its 11700 level decisively.

RESISTANCE: It has first resistance close to the level of 11620 & above this mark the next resistance is seen close to the level of 11735.
SUPPORT: It has immediate support at 11345 marks & below this level the next support is seen close to the level of 11180

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