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Friday, April 29, 2011

Nifty Futures Intraday Outlook For Monday 02-May

Markets are set to end the weak on a negative note due to weakness in financial shares as investors turned jittery on expectations of 25 bps rate hike by Reserve Bank of India next week. The NSE benchmark index S&P CNX Nifty, down -35.95 points or -0.62 % at 5749.50.

The Nifty futures closed and settled finally at 5753.80, down by -56.60 or -0.97 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5695 else above resistance level of 5825 it would be in an upward trend.

  RESISTANCE: 5825 & 5950 mark.
  SUPPORT: 5695 & 5570 mark. 

Intraday Bank Nifty Futures Tips for Monday 02-May

In banking, CNX Bank Index lost -201.05 points or -1.72 %. Amongst the banking stocks UCO Bank, Oriental Bank of Commerce and Union Bank of India lead the row.

Bank Nifty Futures shut stop at 11511.75 down by -250.70 points or -2.13 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11430 else above resistance level of 11775 it would be in a upward trend.

RESISTANCE: 11775 & 11870.
SUPPORT: 11430 & 11330 marks.

Thursday, April 28, 2011

Nifty Futures Intraday Levels For Tomorrow 29-April

The markets had a rough ride as unwinding of positions ahead of April derivatives expiry took a toll on key heavy weights. The NSE benchmark index S&P CNX Nifty, down -48.45 points or -0.83 % at 5785.45.

The Nifty futures closed and settled finally at 5785.20, down by -51.35 or -0.88 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5765 else above resistance level of 5861 it would be in an upward trend.

RESISTANCE: 5861 & 5950 mark.
SUPPORT: 5765 & 5695 mark.

Bank Nifty Intraday Futures trend For Tomorrow 29-April

In banking, CNX Bank Index lost -95.05 points or -0.81 %. Amongst the banking stocks Axis Bank, City Union Bank and South Indian Bank lead the row.

Bank Nifty Futures shut stop at 11684.80 down by -119.95 points or -1.02 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11650 else above resistance level of 11870 it would be in a upward trend.

RESISTANCE: 11870 & 11965.
SUPPORT: 11650 & 11510 marks.

Tuesday, April 26, 2011

Nifty Futures Intraday Levels For Tomorrow 27-April

Shrugging off the losses incurred in the early morning trades, the NSE benchmark index S&P CNX Nifty, down -6.10 points or -0.10 % at 5868.40.
The Nifty futures closed and settled finally at 5905, down by -5.40 or -0.09 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5765 it would be in a downward trend.

RESISTANCE: 5950 & 6000 mark.
SUPPORT: 5765 & 5695 mark. 

Bank Nifty Futures Tips For Tomorrow 27-April

In banking, CNX Bank Index lost -15.75 points or -0.13 %. Amongst the banking stocks Axis Bank, City Union Bank and South Indian Bank lead the row.

Bank Nifty Futures shut stop at 11921.95 down by -4.05 points or -0.03 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11940 else below support level of 11850 it would be in a downward trend.
RESISTANCE: 11940 & 12050
SUPPORT: 11720 & 11510 marks.

Monday, April 25, 2011

Nifty Futures Intraday Outlook For Tomorrow 26-April

The markets closed marginally lower, after a quiet day of trading, with the NSE benchmark index S&P CNX Nifty, down -10.20 points or -0.17 % at 5874.50.

The Nifty futures closed and settled finally at 5877, down by 26.55 or -0.45 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5835 it would be in a downward trend.

  RESISTANCE: 5950 & 6000.
  SUPPORT: 5835 & 5765 mark.

Bank Nifty Futures Trend For Tomorrow 26-April

In banking, CNX Bank Index lost -15.75 points or -0.13 %. Amongst the banking stocks Axis Bank, City Union Bank and South Indian Bank lead the row.

Bank Nifty Futures shut stop at 11921.95 down by -4.05 points or -0.03 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 12050 else below support level of 11850 it would be in a downward trend.

  RESISTANCE: 12050 & 12480.
  SUPPORT: 11860 & 11650.

Thursday, April 21, 2011

Nifty Futures Intraday Outlook For Monday 25-April

Markets surged for the third consecutive session tracking gains in global markets and after TCS (Tata Consultancy Services) reported fourth quarter earnings in line with expectations. The S&P CNX Nifty closed at 5884.70, up by 33.05 or 0.56 %.

The Nifty futures closed and settled finally at 5901.60, up by 31 or 0.53 %. Its looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5880 it would be in a downward trend.

  RESISTANCE: 5950 & 6000.
  SUPPORT: 5880 & 5765. 

Bank Nifty Intraday Tips and Levels For Monday 25-April

In banking, CNX Bank Index gained 100.20 points or 0.85 %. Amongst the banking stocks ING Vysya Bank, State Bank of India and Karur Vysya Bank lead the row.

Bank Nifty Futures shut stop at 1194.95 up by 81.90 points or 0.69 It is looking bullish in the coming trading session if it manages to trade above the resistance level of 12050 else below support level of 11850 it would be in a downward trend.

RESISTANCE: 12050 & 12480.
SUPPORT: 11860 & 11650 marks.

Wednesday, April 20, 2011

Nifty Futures Intraday Outlook For Tomorrow 21-April

The markets had a gap-up opening on the back of the positive cues from Wall Street and an enthusing start to the proceedings across Asia. The S&P CNX Nifty closed at 5851.65, up by 110.90 or 1.93 %.

The Nifty futures closed and settled finally at 5874, up by 113.70 or 1.97 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5925 else below support level of 5765 it would be in a downward trend.

RESISTANCE: 5725 & 5925 mark.
SUPPORT: 5665 & 5700 mark. 

Bank Nifty Intraday Trend For Tomorrow 21-April

In banking, CNX Bank Index gained 207.80 points or 1.79 %. Amongst the banking stocks Kotak Mahindra Bank, Vijaya Bank, Axis Bank lead the row.

Bank Nifty Futures shut stop at 11856 up by 223.70 points or 0.92 It looking bullish in the coming trading session if it manages to trade above the resistance level of 11945 else below support level of 11650 it would be in a downward trend.

RESISTANCE: 11735 & 12050.
SUPPORT: 11650 & 11510 marks.

Tuesday, April 19, 2011

Nifty Futures Intraday Tips and Trend For Tomorrow 20-April

The benchmark indices closed flat, with a positive bias, after moving between the positive and negative terrain throughout the day. The S&P CNX Nifty closed at 5740.75, up by 11.65 or 0.20 %.

The Nifty futures closed and settled finally at 5760.30, up by 24.30 or 0.42 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5695 else above resistance level of 5796 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5796 & above this level the next resistance is seen near the 5921 mark.
SUPPORT: It has first support close to the level of 5695 & below this level the next support is seen near 5660 mark.

Bank Nifty Intraday Tips and Levels For Tomorrow 20-April

In banking, CNX Bank Index gained 47 points or 0.41 %. Amongst the banking stocks UCO Bank, Vijaya Bank, IDBI Bank lead the row.

Bank Nifty Futures shut stop at 11632.30 up by 57.20 points or 0.49 %. It looking bearish in the coming trading session if it manages to trade below the support level of 11510 else above resistance level of 11735 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11735 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 11510 & below this level the next support is seen near 11335 marks

Monday, April 18, 2011

Nifty Futures Intraday Outlook For Tomorrow 19-April

The S&P CNX Nifty closed at 5739, down by -95.15 or 1.64 %. The Nifty futures closed and settled finally at 5739, down by 95.15 points or 1.63 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5727 else above resistance level of 5925 it would be in an upward trend.

RESISTANCE: 5925 & 6000 mark.
SUPPORT: 5727 & 5660 mark.

Bank Nifty Intraday Tips and Trend for Tomorrow 19-April

In banking, CNX Bank Index lost 195.90 points or 1.67 %. Amongst the banking stocks UCO Bank, Karnataka Bank, Axis Bank lead the row.

Bank Nifty Futures shut stop at 11575.10 down by -196.15 points or -1.67 %. It looking bearish in the coming trading session if it manages to trade below the support level of 11520 else above resistance level of 11945 it would be in an upward trend.

RESISTANCE: 11945 & 12050.
SUPPORT: 11520 & 11330.

Thursday, April 14, 2011

Bank Nifty Intraday Levels For Friday 15-April

In banking, CNX Bank Index gained 273.55 points or 2.35 %. Amongst the banking stocks City Union Bank, Yes Bank and HDFC Bank lead the row.

Bank Nifty Futures shut stop at 11903.10 up by 134.45 points or +2.32 % %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11960 else below 11520 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11960 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 11520 & below this level the next support is seen near 11335 marks.

Wednesday, April 13, 2011

Nifty Futures Outlook For Fri 15, April

Indian markets pulled back after lying low for five sessions and ended near psychological resistance levels. All the pectoral indices ended in the green with capital goods, auto and banking stocks leading the up move. The S&P CNX Nifty closed at 5911.50, up by 140.35 or 2.42 %. 

The Nifty futures closed and settled finally at 5944, up by 140.35 points or 2.42 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5750 it would be in a downward trend.

RESISTANCE: 5950 & 6000.
SUPPORT: 5750 & 5695.

Monday, April 11, 2011

Bank Nifty Intraday Tips For Tomorrow 13-April

In banking, CNX Bank Index lost -74.45 points or 0.65 %. Amongst the banking stocks United Bank of India, Axis Bank and HDFC Bank lead the row.

Bank Nifty Futures shut stop at 11620.10 down by -91.50 points or 0.78 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 11580 else above 11960 it would might be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11960 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 11580 & below this level the next support is seen near 11335 marks.

Nifty Futures Intraday Outlook For Tomorrow 13-April

Weak IIP numbers (industrial growth slowed to 3.6% in February 2011 as compared to an expansion of 15.1% in the year-ago period) and rising crude prices, which may result in a fiscal strain on the economy, exerted pressure on the bourses, as the S&P CNX Nifty, ended almost at the day's lows of 5,785 off 56.30 points respectively.

The Nifty futures closed and settled finally at 5798, down by -56.90 points or -0.97 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5795 else above resistance level of 5850 it would be in an upward trend.

RESISTANCE: 5850 & 5935.
SUPPORT: 5795 & 5770. 

Friday, April 8, 2011

Bank Nifty Intraday Outlook For Monday 11-April

In banking, CNX Bank Index lost -81.15 points or 0.76 %. Amongst the banking stocks Andhra Bank, Syndicate Bank and Dhanlaxmi Bank lead the row.

Bank Nifty Futures shut stop at 11804.90 up by 19.85 points or 0.17 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11665 it would be in a downward trend.

RESISTANCE: 11925 & 12050.
SUPPORT: 11665 & 11580.

Thursday, April 7, 2011

Nifty Futures Intraday Outlook For Tomorrow 08-April

After a surge in the markets in the afternoon session, which was sustained for some time, the markets pared gains and dipped into the red. The S&P CNX Nifty ended at 5885.70, down by -6.05 points or - 0.10 %.

The Nifty futures closed and settled finally at 5902.10, down by -8.85 points or -0.15 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend.

RESISTANCE: 5935 & 6000.
SUPPORT: 5870 & 5770.

Bank Nifty Futures Trend For Tomorrow 08-April

In banking, CNX Bank Index gained 24.35 points or 0.21 %. Amongst the banking stocks ING Vysya, Yes Bank and Lakshmi Vilas Bank lead the row.

Bank Nifty Futures shut stop at 11804.90 up by 19.85 points or 0.17 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward trend.

RESISTANCE: 11956 & 12050.
SUPPORT: 11684 & 11580.

Wednesday, April 6, 2011

BAnk Nifty Intraday Tips For Tomorrow 07-Apr

In banking, CNX Bank Index lost -76.40 points or -0.64 %. Amongst the banking stocks Indian Oversea Bank, Yes Bank and Vijaya Bank lead the row.

Bank Nifty Futures shut stop at 11785.05 down by -76.40 points or -0.64 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11728 it would be in a downward trend.

RESISTANCE: 11956 & 12050.
SUPPORT: 11728 & 11580.

Nifty Futures Trend For Tomorrow 07-April

Markets succumbed to selling pressure after the sharp rally seen in the past two weeks as investors cashed out of banking shares on concerns that higher oil prices will fuel inflation. The markets end in the red, the S&P CNX Nifty ended at 5891.75, down by 18.30 points or - 0.31 %.

The Nifty futures closed and settled finally at 5910.95, down by 21.65 points or -0.36 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend.

RESISTANCE: 5975 & 6075.
SUPPORT: 5870 & 5770. 

Tuesday, April 5, 2011

Bank Nifty Intraday Tips and Trend For 06-April 11

In banking, CNX Bank Index lost -5.40 points or -0.05 %. Amongst the banking stocks Vijaya Bank, Uco Bank and Syndicate Bank lead the row.

Bank Nifty Futures shut stop at 11845.10 up by +39.85 points or +0.34 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward trend.

RESISTANCE: 11956 & 12050.
SUPPORT: 11728 & 11580 marks.

Nifty Futures Trend For Tomorrow 06-April

Smart gains from the previous trading session were disrupted today, as the markets witnessed profit-booking after the near 3-month high levels scaled by the bourses yesterday. The markets ended flat today, the S&P CNX Nifty ended at 5910.05 up 1.60 points or +0.03 %.

The Nifty futures closed and settled finally at 5926, up by 17 points or 0.29 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 6000 else below 5870 it would be in a downward trend.

RESISTANCE: 6000 & 6072 mark.
SUPPORT: 5870 & 5770 mark. 

Monday, April 4, 2011

Bank Nifty Intraday Tips For Tomorrow 05-April

In banking, CNX Bank Index gained 213.45 points or +1.84 %. Amongst the banking stocks Dhanalaxmi Bank, Karnataka Bank and Lakshmi Bank and City Union Bank lead the row.

Bank Nifty Futures shut stop at 11884.95 up by 207.85 points or +1.78%.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11956 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 11684 & below this level the next support is seen near 11580 marks.

Nifty Futures Trend For Tomorrow 05-April

Markets snapped their 8-day winning streak on Friday, they resumed their winning streak today, as the S&P CNX Nifty closed up 82 points at 5,908.

The Nifty futures closed and settled finally at 5948, up by 86.65 points or 1.48 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 6072 else below 5835 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 6072 & above this level the next resistance is seen near the 6135 mark.
SUPPORT: It has first support close to the level of 5835 & below this level the next support is seen near 5770 mark.

Friday, April 1, 2011

Bank Nifty Futures Trend For Monday 04-April

In banking, CNX Bank Index lost 114.50 points or -0.51 %. Amongst the banking stocks Union Bank of India, Yes Bank and State Bank of India lead the row.

Bank Nifty Futures shut stop at 11689 down -74.35 points or 0.63 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11800 else below 11580 it would be in a downward trend.


RESISTANCE: 11800 & 11960.

SUPPORT: 11580 & 11335. 

Nifty Futures Intraday trend For Monday 04-April

The markets took a pause after an interrupted run in the last eight trading sessions. The S&P CNX Nifty closed at 5826.05, down -7.7 points or -0.13 %.

The Nifty futures closed and settled finally at 5865, up by 6.30 points or 0.11 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5885 else below 5770 it would be in a downward trend.

RESISTANCE: 5885 & 5925.
SUPPORT: 5770 & 5660.
 
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