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 10970 –11135 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:
• 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.
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