Friday, July 22, 2011

DAILY LEVEL AND MARKET OVERVIEW : 25 JULY 11


Nifty Spot Level
                                                                                                           
The Index opened up  at  5,576.95 and finally closed at 5,633.95 rallying up 92.35 points (1.67%) The Intraday high and low of the day were 5,642.20 and 5,567.10  respectively.


The Nifty Futures also made an down rally of 92.35  
points or (1.67%)and finally settled at 5,633.95.The 30-share BSE Sensex was trading at 18,722.30  up +286.11 points.

Indian market extended those early morning gains into mid afternoon trade; thanks largely to a worldwide rally after European Union leaders announced a new rescue package for Greece and  sentiments supported by media reports that US President Barack Obama is close to reaching an agreement with the House Republicans on the debt ceiling issue.
 
The top gainers include Oil & Gas, IT, Banking, Capital Goods and  Auto indices. Metals, Power and Pharma indices are the other notable gainers. The Consumer Durables index is the only loser, down 0.5%. The Realty index is also under-performing the rest of the indices.
In upcoming trading session market market can be expected to follow uptrend after some correction in the early session on monday. Seems to be strongly trades between 5600 5660  in  narrow perspective and in broad perspective it seems to be vary between 5560 - 5695

SUPPORT AND RESISTANCE:

The Support and Resistance Zone for Nifty Spot levels would be 

Support 1: 5600          Support 2 :5560  

Resistance 1:  5660    Resistance 2 : 5695
 


Bank Nifty Futures

Bank Nifty Futures  finally settled 11314 up by 247.
In upcoming trading session market is expected follow uptrend after some correction in the early session on monday if it strongly trades between 1119011415  is looking bearish in  narrow perspective and in broad perspective it seems to be vary between  11050 - 11570

SUPPORT AND RESISTANCE:

The Support  and Resistance Zone for Bank Nifty Futures would be 

Support 1: 11190        Support 2:   11050   

Resistance 1: 11415    Resistance 2: 11570

1 comments:

Peehu Sharma said...

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