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
For more info log on to http://niftytips-niftyfutures.blogspot.com
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 11190–11415 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
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