Nifty Intraday Tips for 29 June: Market Prediction and Technical Outlook

Market today closed with marginal gain after a choppy session. The S&p CNX Nifty in the early hours of session, touched the 5500 mark and even fall down to 5496.35 level due to profit booking but soon it recovered from this decline as a result of new buying at lower level and then continued to move sideways.

Oil and Gas stocks, Reality and FMCG were the major losers today while banking stocks, Auto sector and capital goods shares closed with significant gain.

The Nifty Futures rallied up 11.80 points and finally settled at 5646 with again of 0.21 %. Nifty futures likely to see further upside if it trades above 5560 levels which can help nifty futures to cross 5600 levels in coming trading sessions. In Broad perspective, below 5490 Nifty might face a drift down fall towards 5400 mark.

Support and Resistance for tomorrow-Technical support level for Nifty futures is seen near 5530 below which the next support level is close to 5480 mark.

Resistance for Nifty futures is seen near 5560 followed by next resistance close to 5625 mark.

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Bank Nifty Futures: Market Today and Levels for 23 June

In banking, CNX Bank Index gained 16.05 points or 0.15 %. Amongst the banking stocks Oriental Bank of Commerce, Canara Bank and Axis Bank lead the row.

Bank Nifty Futures shut stop at 10492.05 up by +17.85 points or 0.17 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10430 else above resistance level of 10570 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10570 above this level the next resistance is seen near to the level of 10680.
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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Intraday Nifty Tips: Technical Outlook for Tomorrow (14 June 2011)

The benchmark indices ended around the previous week's levels. The S&P CNX Nifty touched a low of 5,436.95 in the afternoon session and recovered fully to close at 5,482.80, down -3.00 points.

The Nifty futures closed and settled finally at 5501.90 up by 17.75 points or 0.32 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5410 else above resistance level of 5520 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5520 & above this level the next resistance is seen near the 5630 mark.

SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5310 mark.

In banking, CNX Bank Index gained 3.25 points or 0.03 %. Amongst the banking stocks Karnataka Bank, Jammu & Kashmir Bank and Lakshmi Vilas Bank lead the row.

Bank Nifty Futures shut stop at 10748 up by 53.05 points or 0.50 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10815 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10815 above this level the next resistance is seen near to the level of 10990.

SUPPORT: It has first support close to the level of 10600 & below this level the next support is seen near 10430 marks.

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Market Review and Trend for 9 June 2011

Indian Markets Today
The markets opened lower tracking weak Asian peers after US Federal Reserve Chairman Ben Bernanke's statement that US economy was growing very slowly. The 50-share NSE Nifty down by -29.30 points or -0.53 %, to end at 5526.85.

Nifty Futures Outlook
The Nifty futures closed and settled finally at 5547.50 down by -29.70 points or -0.53 %. 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.


Bank Nifty Futures Outlook 
In banking, CNX Bank Index lost -82 points or -0.18 %. Amongst the banking stocks Union Bank of India, Dena Bank and Oriental Bank of Commerce lead the row.

Bank Nifty Futures shut stop at 10810 down by -70.10 points or -0.64 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10925 else below support level of 10750 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10925 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10750 & below this level the next support is seen near 10620 marks

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Bank Nifty View for 19 May 2011

CNX Bank Index lost -243.50 points or -2.23 %. Amongst the banking stocks Canara Bank, Dena Bank and State Bank of India lead the row.

Bank Nifty Futures shut stop at 10661.05 down by -210.25 points or -1.93 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10520 else above resistance level of 10685 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10685 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10520 & below this level the next support is seen near 10370 marks.

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Bank Nifty Futures View for 10 May 2011

In banking, CNX Bank Index lost -68.60 points or -0.62 %. Amongst the banking stocks Oriental Bank of Commerce, Vijaya Bank and Bank of India lead the row.

Bank Nifty Futures shut stop at 11083.50 down by -60.40 % points or -0.54 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11950 else above resistance level of 11240 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11240 above this level the next resistance is seen near to the level of 11730.
SUPPORT: It has first support close to the level of 10950 & below this level the next support is seen near 10690 marks.

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Bank Nifty Futures: Trend for 6 May 2011

In banking, CNX Bank Index lost 183.25 points or -1.68 %. Amongst the banking stocks Punjab National Bank, ING Vysya Bank and Vijaya Bank lead the row.

Bank Nifty Futures shut stop at 10748.45 down by 79.65 % points or 1.44 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10690 else above resistance level of 11010 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11010 above this level the next resistance is seen near to the level of 11380.
SUPPORT: It has first support close to the level of 10690 & below this level the next support is seen near 10520 marks.

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Nifty Today Review and Prediction for 15 April 2011

Indian markets showed an upward rally today after showing low for five sessions and ended near psychological resistance levels. All the pectoral indices ended in the green with capital goods, auto and banking stocks leading the up move. The S&P CNX Nifty closed at 5911.50, up by 140.35 or 2.42 %.

The Nifty futures closed and settled finally at 5944, up by 140.35 points or 2.42 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5750 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5950 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5750 & below this level the next support is seen near 5695 mark.

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Nifty Prediction for 9th March

Benchmarks ended on a positive note as easing crude oil prices boosted market sentiment. The S&P CNX Nifty closed at 5537.15, up 61.50 points or -1.12 %.

The Nifty futures also moved in the positive zone touching a high of 5548 and settled finally at 5537.15 up 61.55 points or +1.12 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5622 above this level it would be in a bullish trend else below 5375 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5675 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5335 mark.

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Bank Nifty Tips: Intraday Levels for Wednesday 9th March 2011

In banking, CNX Bank Index gained 149.30 points or -1.38 %. Amongst the banking stocks Canara Bank and oriental of Commerce lead the row.

Bank Nifty Futures shut stop at 10984.50, up 176 points or 1.63 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11155 else below 10790 it might be in a bearish 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 10790 & below this level the next support is seen near 10650 marks.

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Bank Nifty Tips: Intraday Trend for 4th March

In banking, CNX Bank Index gained 30.40 points or 0.28 %. Banking Sector continued their post-Budget rally for the third consecutive session. United Bank of India ahead by 7.56 %, ING Vysya Bank appreciated by 4.85 % and Karnataka Bank added 4.17 %.

Bank Nifty Futures shut stop at 10947.30, up 30.40 points or 0.28 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11000 else below 10780 it might be in a bearish 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 11325.
SUPPORT: It has first support close to the level of 10780 & below this level the next support is seen near 10520 marks.

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Nifty Intraday Trading Levels for 1st March 2011

Market had a volatile trading session, the NSE 50-Share indices which had soared by more than 150 points in the aftermath of the PM’s speech, surrendered more than 100 points. The S&P CNX Nifty close at 5333.35, up by 29.70 points or 0.56 %.

The NSE futures closed at 5338, up by 24.20 points or 0.46 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5230 else above 5505 it would be in a bullish trend.

RESISTANCE: It has first resistance close to the level of 5505 & above this level the next resistance is seen near the 5590 mark.
SUPPORT: It has first support close to the level of 5230 & below this level the next support is seen near 5175 mark.

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Bank Nifty Position for Friday 4th Feb 2011

Bank Nifty futures gained 204.45 points or 1.95 % from the last few trading it is moving in a particular price range of 10760-10440. If it sustain below 10440 levels it would be in a bearish trend else above 10760 it would be in a bullish trend.
RESISTANCE: It has first resistance close to the level of 10760 & above this level the next resistance is seen near the 10900 mark.
SUPPORT: It has first support close to the level of 10440 & below this level the next support is seen near 10272 marks.

Intraday Trading Tips- Buy Bank Nifty Futures above 10760 TG-10860-10910 SL Below- 10690.
 

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