Nifty Tips
The S&P CNX NIFTY continuing its northward journey and closing the day down -33.60 points or -0.16 % at 5516.75.
The Nifty futures closed and settled finally at 5533.80 down by -24.65 points or -0.44 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5625 else below support level of 5480 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5625 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5480 & below this level the next support is seen near 5400 mark.
In banking, CNX Bank Index lost -57.25 points or -0.53 %. Amongst the banking stocks Indian Overseas Bank, Axis Bank and UCO Bank lead the row.
Bank Nifty Futures shut stop at 10785 down by -40.95 points or -0.38 %. 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 10720 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 11210.
SUPPORT: It has first support close to the level of 10720 & below this level the next support is seen near 10620 marks.
