Thursday, July 21, 2011

DAILY LEVELS AND MARKET OVERVIEW : 22 JULY 11



Nifty Spot Level
                                                                                                                
The Index opened up  at  5,554.60 and finally closed at 5,541.60 rallying -46.50   points (-0.83%).The Intraday high and low of the day were 5,578.90 and 5,532.70 respectively.


The Nifty Futures also made an down rally of -25.45
points or (-0.46% )and finally settled at 5,541.60 .The 30-share BSE Sensex was trading at 18,436.19 down -66.19 points.

The Indian markets ended in red for the second straight trading session on Thursday as investors turned cautious amid a few disappointing corporate results. The NSE Nifty closed below the 5550 level amid weak cues from the international equity markets.

In upcoming trading session market market can be seen trading  in downtrend in the morning session due to heavy buyings. Seems to be strongly trades between 5515- 5565in  narrow perspective and in broad perspective it seems to be vary between 5475 - 5600

SUPPORT AND RESISTANCE:


The Support and Resistance Zone for Nifty Spot levels would be 

5515 ( support 1)       5475 (Support 2 ) 

5565 (Resistance 1)    5600 (Resistance 2 )



Bank Nifty Futures

Bank Nifty Futures  finally settled 11077 DOWN BY 102
 In upcoming trading session market is expected to be downward there may buying pressure in the early session if it strongly trades between 1097011135  is looking bearish in  narrow perspective and in broad perspective it seems to be vary between  10850 - 11265

SUPPORT AND RESISTANCE:

The Support  and Resistance Zone for Bank Nifty Futures would be 


10970 (support 1)          10850 (Support 2 ) 

11135 (Resistance 1)      11265 (Resistance 2 )

1 comments:

Peehu Sharma said...

• Gold and Silver December futures are slightly down at $ 1,312 an ounce and $ 18.862, respectively.
• Platinum January 2017 contract is down 0.3 percent at $ 1,008.
• Gold December delivery is almost unchanged at $ 1,317 an ounce.
CapitalStars

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