The Index opened up at 5,642.05 and finally closed at 5,567.05 rallying -46.50 points (-0.83%).The Intraday high and low of the day were 5,645.40 and 5,555.10 respectively.
The Nifty Futures also made an down rally of -46.50 points or ( 0.83%) and finally settled at 5,567.05. The 30-share BSE Sensex was trading at 18,502.38 down -151.49 points.
Despite the positive global market, The Nifty was unable to profit from the jumpstart as investors digested a wave of disappointing quarterly earnings. excepting IRB Infra and Petronet LNG, most other companies announcing their results declined today.
In upcoming trading session market market can be seen trading in downtrend. Seems to be strongly trades between 5530- 5600 in narrow perspective and in broad perspective it seems to be vary between 5485 - 5650
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Nifty Spot levels would be
5530 ( support 1) 5485 (Support 2 )
5600 (Resistance 1) 5650 (Resistance 2 )
For more info log on to http://niftytips-niftyfutures.blogspot.com
Bank Nifty Futures
Bank Nifty Futures finally settled 11171 down by 174
In upcoming trading session market is expected to be downward if it strongly trades between 11100 –11280 is looking bearish in narrow perspective and in broad perspective it seems to be vary between 10970 - 11620
SUPPORT AND RESISTANCE:
The Support and Resistance Zone for Bank Nifty Futures would be
11100 (support 1) 10970 (Support 2 )
11280 (Resistance 1) 11410 (Resistance 2 )
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