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Monday, February 28, 2011

Bank Nifty Intraday Outlook For Tomorrow 01-Mar

The banking index CNX Bank Index lost -0.50 points. Among banking City Union Bank, Canara Bank, Central Bank, Jammu & Kashmir closed on a positive note, up by 4-6 %.

Bank Nifty Futures shut stop at 10443, down -11.95 points or -0.11 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 10260 else above 10800 it would be in an upward trend.


RESISTANCE: 10800 & 11000 .
SUPPORT: 10260 & 10170.

Nifty Futures Trend For Tomorrow 01-Mar

Market had a volatile trading session, the NSE 50-Share indices which had soared by more than 150 points in the aftermath of the PM’s speech, surrendered more than 100 points. The S&P CNX Nifty close at 5333.35, up by 29.70 points or 0.56 %.

The NSE futures closed at 5338, up by 24.20 points or 0.46 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5230 else above 5505 it would be in a bullish trend.

RESISTANCE: 5505 & 5590.
SUPPORT: 5230 & 5175.

Friday, February 25, 2011

Bank Nifty Futures Intraday Outlook For Monday 28-Feb

The banking index CNX Bank Index gained 225.10 points or 2.20 % after the Economic Survey proposed to consider separate licenses for basic and full banking services. Among the other banking plays, Canara Bank, Axis Bank, Bank of Baroda, Bank of India, State Bank of India, Union Bank of India, IDBI Bank and Punjab National Bank gained in the region of 2-4.5 % each.

Bank Nifty Futures shut stop at 10491.10, up 236.80 points or 2.31 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 10260 else above 10520 it would be in an upward trend.

RESISTANCE: 10520 & 10640.
SUPPORT: 10260 & 10030.

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Nifty Futures Intraday Outlook For Monday 28-Feb

Market had a volatile trading session due to railway budget and economic survey. The S&P CNX Nifty close at 5303.55, up by 40.85 points or 0.78 %. The market rallied in the later part of the session to end the session on a positive note.

The NSE futures closed at 5238, up by 48.65 points or 0.92 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5175 else above 5350 it would be in a bullish trend.
 
RESISTANCE: 5350 & 5430. 
SUPPORT: 5175 & 5090 mark.
   

Thursday, February 24, 2011

Bank Nifty Intraday levesl For Tomorrow 25-Feb

A severe battering in banking sector made Bank Nifty Futures shut stop at 10210.60, down by -455.05 or 4-4.27 %. The State Bank of Travancore, State Bank of Mysore and State Bank of Bikaner & Jaipur were down by 12.68 %, 10.89 % and 10.48 % respectively. It is looking bearish in the coming trading session if it manages to trade below the support level of 10135 else above 10520 it would be in a bullish trend.

RESISTANCE: 10520 & 10640.
SUPPORT: 10135 & 10030.

Nifty Futures Outlook For Tomorrow 25-Feb

The NSE benchmark S&P CNX Nifty battered down to 5262.70 levels from 5430 level, almost 172.85 points or -3.18 % due to renewed concerns on geopolitical front, spike in crude oil prices, a jump in inflation and caution ahead of the railway budget. The rate-sensitive banking, auto and realty sectors received a severe downfall in this session.

The Nifty Futures closed to 5262.90, down by 172.85 or -3.18 %.The Indian VIX which is currently at 28.20 and it was up by 1.65 points or 6.21 %. It indicates that the market will continue to be in a downward trend.

RESISTANCE: 5430 & 5510.
SUPPORT: 5175 & 5090. 

Wednesday, February 23, 2011

Bank Nifty Intraday Levels For Tomorrow 24-Feb


S&P CNX Nifty closed on a negative note following weak global cues and ongoing strife at Libya. Banks, technology and realty stocks were the top sectoral losers while auto and oil gas space ended higher.

The NSE benchmark indices closed 5437.35, down by -31.85 or -0.58 %. %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5395 else above 5520 it would be in a bullish trend.

RESISTANCE: 5520 & 5600.
SUPPORT: 5395 & 5335.

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Nifty Futures For Tomorrow 24-Feb


S&P CNX Nifty closed on a negative note following weak global cues and ongoing strife at Libya. Banks, technology and realty stocks were the top sectoral losers while auto and oil gas space ended higher.

The NSE benchmark indices closed 5437.35, down by -31.85 or -0.58 %. %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5395 else above 5520 it would be in a bullish trend.

RESISTANCE: 5520 & 5600.
SUPPORT: 5395 & 5335.

Monday, February 21, 2011

Bank Nifty For Tomorrow 22-Feb

Bank Nifty Futures shut stop at 11081, up 154 points or 1.41 %.In banking sector majority of scrip were positive and closed into green. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11135 else below 10780 it would be in a downward trend.

RESISTANCE: 11135 & 11280.
SUPPORT: 10780 & 10690.

Nifty Futures Trend For Tomorrow 22-Feb

After a sell off on Friday market staged a smart recovery and closed above the 5500 market. The S&P CNX NIFTY closed at 5518.60, up by 59.65 points or 1.09 %. The Indian VIX which is currently at 24.91 and it was up by 0.73 points or 3.01 %. It indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5531.05, up by 77.40 points or 1.42 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5547 else below 5400 it would be in a bearish trend.

RESISTANCE: 5547 & 5600.
SUPPORT: 5400 & 5340.

Saturday, February 19, 2011

Bank Nifty Levels For Monday 21-Feb

Bank Nifty Futures shut stop at 10927, down 203.40 points or -1.83 %.In banking sector majority of scrip battered down by 2-4 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10880 else above 11130 it would be in an upward trend.

RESISTANCE: 11130 & 11280.
SUPPORT: 10880 & 10675.

Nifty Futures For Monday 21-Feb

The market snapped five days winning streak the benchmark indices closed into red. The S&P CNX NIFTY surrendered 87.50 points and it closed above the major support level of 5450.The Indian VIX which is currently at 24.18 and it was up by 1.61 points or 7.13 %. It indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5453.65, down by 92.65 points or 1.67 %. It is looking bearish in the coming trading session if it manages to break the support level of 5400 else above 5550 it would be in a bullish trend.

RESISTANCE: 5550 & 5590.
SUPPORT: 5400 & 5340.

Thursday, February 17, 2011

Bank Nifty Intraday Outlook for Tomorrow 18-Feb

Bank Nifty Futures closed at 11138.70, up 172.45 points or 1.57 %.In banking sector index scrip HDFC Bank and IDBI Bank lead the row. Indian Overseas Bank gained 6.85 points or 5.34 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11265 else below 10890 it would be in a downward trend.

RESISTANCE: 11265 & 11440.

SUPPORT: 10890 & 10700.

Nifty Futures Intraday Levels For Tomorrow 18-Feb

On the back of a drop in food inflation number the benchmark indices closed into green. The S&P CNX NIFTY closed at 5546.45, up 64.75 points or 1.18 %. The Indian VIX which is currently at 22.57 and it was up down by 2.08 % or-0.48. It indicates that the market will continue to volatile in the short term.

Nifty Futures closed at 5549.95, up by 64.70 points or 1.18%. It is looking bullish in the coming trading session if it manages to break the resistance level of 5566 else below 5520 it would be in a bearish trend.

RESISTANCE: 5566 & 5625.
SUPPORT: 5520 & 5450.

Wednesday, February 16, 2011

Bank Nifty For Tomorrow 17-Feb

Bank Nifty Futures closed at 10966.25, up 30.25 points or 0.28 %.In banking sector index scrip South India Bank and Axis Bank lead the row. Dhanlaxmi Bank and City Union Bank gained 4.62 % or 1.15 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11040 else below 10690 it would be in a downward trend.

RESISTANCE: 11040 & 11265.

SUPPORT: 10690 & 10480. 

Nifty Technical Views For Tomorrow 17-Feb

Market turned to sidelines after three consecutive bullish trading sessions which pushed the market up 4.6 %. The S&P CNX NIFTY closed at 5481.70, up 0.70 points or 0.01 %. The Indian VIX which is currently at 23.05 and it was up by 0.88 % or 0.20 points indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5494, up by 17.90 points or 0.33 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5566 else below 5450 it would be in a bearish trend.

RESISTANCE: 5566 & 5625.
SUPPORT: 5450 & 5400. 

Tuesday, February 15, 2011

Nifty For Tomorrow 16-Feb

The benchmark indices rose for third straight session, after two days of pull back rally the S&P CNX NIFTY closed at 5481, up 25 points or 0.46 %. The Indian VIX which is currently at 22.85 and it was up by 0.27 % or 1.20 points indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5476, up by 20.35 points or 0.37 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5566 else below 5340 it would be in a bearish trend.

RESISTANCE: 5566 & 5622.
SUPPORT: 5340 & 5195. 

Bank Nifty Intraday Levels For Tomorrow 16-Feb

Bank Nifty Futures closed at 10933, up 140.90 points or 1.31%.In banking sector index scrip CANARA BANK and PNB, BANK OF BARODA lead the row. South India Bank and State Bank of Mysore gained 4.95 % or 3.16 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11040 else below 10690 it would be in a downward trend.

RESISTANCE: 11040 & 11265.
SUPPORT: 10690 & 10480. 

Monday, February 14, 2011

Nifty Futures Intraday Levels For Tomorrow 15-Feb

The benchmark indices rose for second straight session, pushing the S&P CNX NIFTY closed at 5456, up 146 points or 2.75 %. The Indian VIX which is currently at 22.58 and it was down by 3.79 % or -0.89 indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5455.20, up by 137.75 points or 2.59 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5566 else below 5340 it would be in a bearish trend.

RESISTANCE: 5566 & 5622.
SUPPORT: 5340 & 5195. 

Bank Nifty Views For Tomorrow 15-Feb

Bank Nifty Futures closed at 10792.10, up 329.35 points or 3.15 %.In banking sector index heavy weighted SBI, ICICI, AXIS & CANARA BANK lead the row. State Bank Mysore and City Union Bank gained 9 % or 8.62 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10815 else below 10380 it would be in a downward trend.

RESISTANCE: 10815 & 11040.
SUPPORT: 10380 & 9860.

Friday, February 11, 2011

Bank Nifty Futures For Monday 14-Feb

Bank Nifty Futures closed at 10465, up 370.25 points or 3.67 %.In banking sector index heavy weighted PNB, ICICI, AXIS lead the row. South Indian bank and ING Vysya Bank gained 7.10 % or 6.51 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10515 else below 10010 it would be in a downward trend.

RESISTANCE: 10515 & 10800.
SUPPORT: 10010 & 9950.

Nifty Futuress Outlook for Monday 14-Feb

The benchmark indices bounced back from the psychological level of 5200 and closed above 5300 mark. The S&P CNX Nifty shut shop at 5310, up 84.20 points or 1.61 %. The Indian VIX which is currently at 23.47 and it was down by 1.35 points or -5.43 % indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5312.90, up by 83.75 or 1.58 %. It is looking bullish in the coming trading session if it manages to break the resistance level of 5350 else below 5170 it would be in a bearish trend.

RESISTANCE: 5350 & 5420.
SUPPORT: 5170 & 5135. 

Thursday, February 10, 2011

Bank Nifty Intraday Levels For Tomorrow 11-Feb

Bank Nifty Futures closed at 10095, down 35.95 points or -0.35 %.In banking sector index heavy weighted SBI and PNB weakened by 86.90 or -3.37 % and 10.95 or -1.05 % respectively. Bank like United Bank of India and ING Vysya bank lead the row with 6.73 % or 3.99 % up respectively. It is looking bearish in the coming trading session if it manages to trade below the support level of 10010 else above 10325 it would be in an upward trend.

RESISTANCE: 10325 & 10430.
SUPPORT: 10010 & 9950. 

Nifty Futures Outlook For Tomorrow 11-Feb

Market had a volatile trading session with the trading range of 70-80 points, intraday pullback attributed to the heartening decline in food inflation. The S&P CNX Nifty shut shop at 5225.80, down 27 points or –0.35 %. The Indian VIX which is currently at 24.82 and it was down by 1.66 % % or -0.42 points indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 10095, down 35.95 or -0.35 %. It is looking bearish in the coming trading session if it manages to break the support level of 5211 else above 5300 it would be in a bullish trend.

RESISTANCE: 5300 & 5350.
SUPPORT: 5211 & 5138.

Wednesday, February 9, 2011

Nifty Futures Intraday Levels For 10-Feb

Benchmark Indies S&P CNX NIFTY plummets by 59 points or 1.11 %, in today’s trading session market was volatile with negative bias. The Indian VIX which is currently at 25.24 and it was up by 2.02 % or 0.50 points indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5282.05, down 32.40 or 0.61 %. It is looking bearish in the coming trading session if it manages to break the support level of 5206 else above 5350 it would be in a bullish trend.

RESISTANCE: 5350 & 5425.
SUPPORT: 5206 & 5140. 

Bank Nifty Intraday Outlook For Tomorrow 10-Feb

Bank Nifty Futures closed at 10180, up 29.90 points or 0.29 %.In bank sector majority of stocks was down by 2%- 6%, Dena Bank, United Bank Of India, Canara Bank, Axis Bank lead the row. It is looking bearish in the coming trading session if it manages to trade below the support of 10035 else it has resistance at 10430 above this level it would be bullish in trend.

RESISTANCE: 10430 & 10520.
SUPPORT: 10035 & 9955.

Tuesday, February 8, 2011

Bank Nifty Trading Levels For Tomorrow

Bank Nifty Futures closed at 10160, down 215.65 points or 2.08 %.In bank sector some of stocks was down by 3%- 6%, ING Vysya, Kotak Mahindra Bank, united bank of India lead the row. It is looking bearish in the coming trading session if it manages to trade below the support of 10095 else it has resistance at 10430 above this level it would be bullish in trend.

RESISTANCE: 10430 - 10600.

SUPPORT: 10095 - 9950.

Nifty Future Levels For Tomorrow 09-Feb

Benchmark Indies S&P CNX NIFTY ended in red and closed below crucial support levels of 5350. It was down by 83.45 points or 1.55 %. The Indian VIX which is currently at 24.74 and it was up by 0.20 % % or 0.05 points indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5320, down 74.05 or 1.37 %. It is looking bearish in the coming trading session if it manages to break the support level of 5225 else above 5445 it would be in a bullish trend.

RESISTANCE: 5445 - 5566.
SUPPORT: 5225 - 5170.

Monday, February 7, 2011

Nifty Futures For Tomorrow 08-Feb

Benchmark Indies S&P CNX NIFTY ended in the green despite of selling pressure intensified in the last half an hour of trade and closed above 5400 mark. It was up by 0.25 points. The Indian VIX which is currently at 24.69 and it was up by 0.28 % % or 1.14 points indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5405.05, up 18.05 or 0.34 %. It is looking bearish in the coming trading session if it manages to break the support level of 5350 else above 5566 it would be in a bullish trend.

RESISTANCE: 5566 - 5622.
SUPPORT: 5350 - 5300. 

Bank Nifty Intraday Levels For 08-Feb

Bank Nifty Futures closed at 10399, down 23.80 points or 0.23 %.In bank sector some of stocks was down by 2%- 5%, PNB, Central Bank of India, Oriental Bank of Commerce lead the row. It is looking bearish in the coming trading session if it manages to trade below the support of 10385 else it has resistance at 10760 above this level it would be bullish in trend.

RESISTANCE: 10760 - 10850.
SUPPORT: 10340 - 10272

Friday, February 4, 2011

Bank Nifty Trading Levels For Monday 07-Feb

Bank Nifty Futures closed at 10404, down 297.70 points or 2.78 %.In bank sector majority of stocks was down by 2%- 3%, Vijay bank, Syndicate Bank and ICICI bank lead the row. It is looking bearish in the coming trading session if it manages to trade below the support of 10385 else it has resistance at 10760 above this level it would be bullish in trend.

RESISTANCE: 10760/10850.
SUPPORT: 10385/10272

Nifty Futures For Monday 07-Feb 2011

Benchmark Indies S&P CNX NIFTY ended in the negative terrain as selling pressure intensified in the last half an hour of trade. It was down by 131 points or 2.37 %. The Indian VIX which is currently at 24.41 and it was up by 7.58 % or 1.72 points indicates that the market will continue to volatile in the short term.

NIFTY Futures closed at 5382, down 156.95 or 2.83 %. It is looking bearish in the coming trading session if it manages to break the support level of 5350 else above 5566 it would be in a bullish trend.

Resistance: 5566/5622
Support: 5350/5300

Thursday, February 3, 2011

Nifty Futures Outlook For Tomorrow 04-Feb

Nifty futures from the last few trading session moving in a particular range of 5410-5550. It is now taking resistance at 5550/5625 and support at 5410/5350. Nifty is looking positive in the coming trading session if it manages to trade above the resistance level of 5550 else below 5625 it would might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5550 & above this level the next resistance is seen near the 5625 mark.

SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5350 mark.

Wednesday, February 2, 2011

Bank Nifty Intraday Levels For Tomorrow 03-Feb

Bank Nifty is not sustaining at higher level and closed near to its days low. If it continues to trade below 10385 level its dawn fall will continue, in coming trading session. One should adopt the strategy of sell at higher level. Support for Bank Nifty future is at 10385/10300 and it has Resistance at 10640/10722 levels.

RESISTANCE: It has first resistance close to the level of 10640 & above this level the next resistance is seen near the 10722 mark.

SUPPORT: It has first support close to the level of 10385 & below this level the next support is seen near 10300 marks.

Nifty Futures For Tomorrow 03-Feb

Nifty future is trading in a range of 5542-5411 from last 3 trading session and is been closing near to its support levels. If Nifty future is manages to sustain below 5411 level it can take more down fall in coming trading session. One should adopt the strategy of sell at higher level. Support for Nifty Future is at 5400/5350 and it has Resistance at 5542/5622 levels.

RESISTANCE: It has first resistance close to the level of 5542 & above this level the next resistance is seen near the 5622 mark.

SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5350 mark.

Tuesday, February 1, 2011

Bank Nifty Views For Tomorrow 02-Feb

Banking stocks and indices trades with bearish sentiment, in today’s trading session Bank Nifty Futures closed at 10493.45, with loss of 178.65 points or 1.67%. Due to chaos related to the fear of rising interest rate and inflation resulted in out flow of FII money seen and panic selling Banking sector.

Bank nifty is looking bearish in the coming trading session if it manages to break the support level of 10380 below this level it might test the level of 10100 else above 10570 aggressive buying can make it to test the level of 10730.

Resistance – 10570/10730
Support – 10380/10100

Nifty Outlook For Tomorrow 02-Feb

Indian indices ended in the deep red, 50-share index Nifty touched intraday low of 5402 and the 30-share index Sensex touched a low of 17982.17. S&P Nifty managed to hold back the 5400 mark and Sensex close below the 18000 level. On the back of consistent sell off for 5th consecutive trading session Nifty future made a low of 5411.20 and it managed to hold back psychological level of 5400.
 
Nifty futures is showing a good support at 5350, once this level is cross it might face more selling pressure which can make the nifty to test the level of 5300 else it has major resistance at 5545 above this level nifty would be in a bullish trend.

Resistance – 5545/5600
Support – 5350/5300
 
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