Nifty Futures- Intraday tips (6th July 2011)

As we expected yesterday the market today faced a consolidated phase on Tuesday. Lack of global cues resulted in less volume in the market which let Nifty index to open with flat note. Nifty Index dragged 0.33% with the loss of 18.40 points.

Nifty futures settled at 5651.10 with a decline of 14.57 bearing a loss of 0.26 %.

An upside trend can be seen in Nifty if it able to break above 5674 which can lead Nifty To touch 5693-5726 level initially. Below 5600 Nifty may face downtrend.

Technical Levels-

The first resistance close to the level of 5674 & above this level the next resistance is seen near the 5700 mark.

It has first support close to the level of 5628 & below this level the next support is seen near 5600 mark. 

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Bank Nifty Levels: Market Tomorrow (6th July 2011)

In banking, CNX Bank Index gained 26.30 points or 0.23 %. Amongst the banking stocks Central Bank, State Bank of India and Bank of Baroda lead the row.

Bank Nifty Futures shut stop at 11452.05 up by 36.75 or 0.32 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11480 else below support level of 11325 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11480 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11325 & below this level the next support is seen near 11210 marks.

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Nifty Futures: Intraday Tips for 5th July 2011

Taking cues from global markets, the Indian benchmark index ended the first day of week with green mark. The National Stock Exchange Nifty gained 23.3 points (0.41%) today and closed at 5650.50 after making an Intraday high of 5679.65.

Reality stocks boomed up the day as the giant stocks like Reliance infrastructure and DLF added the significant contribution to the market.

While the Nifty Futures finally settled at 5665.85 up by 27.45 (+0.49%) points.

The Market may face some consolidation phase from here but if Nifty Futures manages to stay above 5678 level, a upside momentum can be seen till 5726 while below 5617 Nifty is seems to be bearish.

Technical Levels-

The First resistance is seen near 5680 above which the next resistance is close to the level of 5726.

The Support zone for Nifty Futures is likely to be 5617- 5600.

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Share Market updates: Bank Nifty Futures Prediction for 5th July 2011

In banking, CNX Bank Index gained 124.80 points or 0.09 %. Amongst the banking stocks City Union Bank, Punjab National Bank and Kotak Mahindra Banks lead the row.

Bank Nifty Futures settled at 11415.30 rallying 119.80 or 1.06 %. In coming trading session if it manages to trade above the resistance level of 11450, it may continue its uptrend else below support level of 11350, Bank Nifty is likely to face a downfall.

RESISTANCE: It has first resistance close to the level of 11450 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11350 & below this level the next support is seen near 11090 marks.

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Bank Nifty Tips For Coming Week (Monday 4th July)

Bank Nifty gained 10.35 points or 0.09 %. Amongst the banking stocks Yes Bank, Union Bank of India and Vijaya Bank were the top gainer stocks.

Bank Nifty Futures shut stop at 11301 up by 39.95 or 0.35 %. It is likely to continue its uptrend if it positively trades above resistance level of 11350 else below support level of 11140 a downfall till 11000-10900 can be seen for near term.

RESISTANCE: It has first resistance close to the level of 11350 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11140 & below this level the next support is seen near 10810 marks.

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