Market Weekly performance and market review

Weekly performance
Both the benchmark indices - Sensex and Nifty - ended the week with gains of 3% each. And BSE Midcap gain 3.4% and BSE Smallcap indices gained 3.8%.

Market review
Today's market good for trade finally closed nagetive node. both NSC and BSC benchmark indices finally ended the session in the red territory. NSE Nifty ended at 5627.20 up by 20.2 points or 0.36% from the previous close, while the BSE Sensex closed at 18762.80, up 83.07points or 0.44%.
The opening with market register it's day high nifty at 5705.80 and sensex at 19031.38 and end of the day low nifty at 5609.75 sensex at 18713.07
F & O Nifty closed at 5632.85 up 22.55 points or 0.4% from the previous close. Intraday high 5700.20 and day low 5616.25 for current month.
BSE Midcap index gained 0.69% while BSE Smallcap ended up 0.83%.

Market Diesel Costs
The government’s June 24 decision to increase diesel tariffs for the first time in a year will spur living costs, Goldman said June 27 as it raised India’s inflation forecast to 8.6% for the year ending March 31 from an earlier estimate of 8.1%.
Policy makers allowed state-run refiners including Indian Oil Corp. to increase diesel costs by Rs 3 (7 cents) a liter, kerosene by Rs 2 a liter and cooking gas by Rs 50 for every 14.2 kilogram bottle. The decision was aimed at reducing government subsidies and help limit losses at companies selling fuels below cost.
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Nifty Trend For Tomorrow (10th June '11)

Today Sensex closed at 18,384.90 with -9.39 down points or -0.05% down. And the Nifty closed at 5,521.05 with -5.80 down points or down by -0.10%. On the other side in the Derivatives Nifty Futures: it closed with -7.85 negative points and settle at 5,522.00 down by -0.14%. So over all market was down today and may start with same manner in next trading session.

After joying the bullish trend at the start of the week now Nifty is going to downside.

In Nifty technically the market is in a typically sideways zone with 5440 as a strong support zone to work with and 5610 as a strong resistance zone to work with.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5610 else below the support level of 5440 it would be a down trend.

RESISTANCE: It has first resistance close to the level of 5610 & above this level the next resistance is seen near the 5640 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5410 mark.  

Nifty Futures Intraday Outlook For Tomorrow 10-May

The markets ended on a flat note today, after gyrating between zones during intra-day trades. The S&P CNX Nifty was down -0.35 points at 5551.10, after having recovered 48 points from the day's low of 5502.40. The international cues were not encouraging either.

The Nifty futures closed and settled finally at 5558.65, up by 3.65 or 0.07 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5500 else above resistance level of 5595 it would be in an upward trend.

RESISTANCE: 5595 & 5730 mark.
SUPPORT: 5500 & 5350 mark.

Bank Nifty Intraday Outlook For Tomorrow 10-May

In banking, CNX Bank Index lost -68.60 points or -0.62 %. Amongst the banking stocks Oriental Bank of Commerce, Vijaya Bank and Bank of India lead the row.

Bank Nifty Futures shut stop at 11083.50 down by -60.40 % points or -0.54 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11950 else above resistance level of 11240 it would be in a upward trend.

RESISTANCE: 11240 & 11730.
SUPPORT: 11950 & 10690 marks.

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.

Bank Nifty Futures Outlook For Monday 14-March

In banking, CNX Bank Index lost 109.30 points or -1.01 %. Amongst the banking stocks Allahabad Bank, Dhanlaxmi Bank lead the row.

Bank Nifty Futures shut stop at 10790, down -88.90 points or -0.82 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10650 else above 10925 it might be in a bullish trend.

RESISTANCE: 10925 & 11090.
SUPPORT: 10650 & 10520.

Bank Nifty Futures Outlook For Monday 07-March

In banking, CNX Bank Index gained 48.90 points or 0.45 %. Banking Sector continued their post-Budget rally for the third consecutive session. Axis ahead by 1.41 %, Oriental Bank of Commerce 1.14 % and HDFC Bank added 1.14 %.

  Bank Nifty Futures shut stop at 10967.15, up 19.85 points or 0.18 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11184 else below 10780 it might be in a bearish trend.

RESISTANCE: 11184 & 11325.
SUPPORT: 10780 & 10520.

Ref : Bank Nifty Intraday Levels

Bank Nifty Intraday Outlook For Tomorrow 04-Feb

In banking, CNX Bank Index gained 30.40 points or 0.28 %. Banking Sector continued their post-Budget rally for the third consecutive session. United Bank of India ahead by 7.56 %, ING Vysya Bank appreciated by 4.85 % and Karnataka Bank added 4.17 %.

Bank Nifty Futures shut stop at 10947.30, up 30.40 points or 0.28 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11000 else below 10780 it might be in a bearish trend.

RESISTANCE: 11120 & 11325.
SUPPORT: 10780 & 10520.

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.

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

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.

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.

Nifty Futures Outlook For Tomorrow 01-Feb 2011

It was a volatile day for the Indian Stock Market. The equity market moved and remained in the range of 5550-5530 due to the lack of cues but short coverings helped nifty futures to pare losses in the half an hour of trade and end moderately lower. Nifty Futures closed at 5524.40, down 6 points or 0.22 %.

Nifty is looking bearish in the coming trading session if it manages to trade and consolidate below the support level of 5350 else above 5625 it would be bullish in trend. One can adopt the strategy of sell at higher level.

Resistance: it has first resistance close to the level of 5560 & after it may face the next resistance close to the level of 5625

Support: it has first support close to the level of 5410 & after it may get the next support close to the level of 5350.

Nifty Trends For Tomorrow 28-Jan

Nifty future had seen sharp down fall and closed below 200 Days Moving Average. Its down fall will continue in coming trading session. One should adopt a strategy of sell at higher level. Support for Nifty Future is at 5542/5508 and Resistance is at 5715/5800.

RESISTANCE: It has first resistance close to the level of 5715 & above this level the next resistance is seen near the 5800 mark.

SUPPORT: It has first support close to the level of 5542 & below this level the next support is seen near 5508 mark.

Nifty Futures Trend For 27-Jan

Nifty Futures had seen sharp down-fall after RBI monetary policy set and closed near to its days low. It is expected that down fall may continue in coming trading session. One should follow the strategy of sell at higher levels and buy on dips. Support for Nifty Future is at 5668/5628 and Resistance is at 5760/5800 levels.

RESISTANCE: It has first resistance close to the level of 5760 & above this level the next resistance is seen near the 5800 mark.

SUPPORT: It has first support close to the level of 5668 & below this level the next support is seen near 5628 mark.

Nifty Futures For Tomorrow 25-Jan

Nifty Future saw a smart recovery in earlier session but still manages its range of 5755-5632 and closed in flat note. It can take up-moves in coming trading session if it manages to sustain above 5760 level. One should wait for proper break out. Resistance for Nifty Future is at  5760/5870 and it has support at 5668/5625 levels.

RESISTANCE: Nifty Futures has first resistance close to the level of 5760 & above this level it may find next resistance near 5870 mark. 

SUPPORT: Nifty Futures has first support close to the level of 5668 & below this level the next support is seen near 5525 mark.   

Nifty Futures Tips for 20th Jan. Thursday

Nifty Future was volatile in last trading session and faced difficulty to sustain at higher levels. Nifty Future closed below 5700 level, it may take some correction  below 5630 level in coming trading session, One should adopt the strategy of sell at higher levels. Support is at 5624/5540 while  Resistance is at 5755/5885 levels
 

RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5621 & below this level the next support is seen near 5540 mark. 
     
Bank Nifty was also was not able to sustain at higher level and closed near to its days low. It may take some more selling in coming trading session. One should adopt the strategy of sell at higher level. Support for Bank Nifty is at 10530/10385. Resistance is at 10745/10955 levels. 

RESISTANCE: It has first resistance close to the level of10745 & above this level the next resistance is seen near the 10955 mark.

SUPPORT: It has first support close to the level of10530  & below this level the next support is seen near 10385    marks.

Nifty Resistance and Support for 19th Jan. Wed.

Nifty Future moving under tight range from last two trading session and not able to break 200 Days Moving Average, Nifty Future is forming Higher bottom pattern. It is signal of uptrend and closed near to its days high. Nifty future can take up move above 5755 level . IF it breaks 5620 level we can see some more correction in it. One should wait for proper break out Resistance is at 5755/5860 and It has support at 5672/5630.
 

RESISTANCE: It has first resistance close to the level of 5755 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5670& below this level the next support is seen near 5630 mark.
     
Bank Nifty Future saw recovery from its bottom level and closed near to its days high, Bank Nifty may take up move above 10725 level in coming trading session. One should take position after proper break out, Resistance for Bank Nifty is at 10955/11185 and it has support at 10300/10171.

RESISTANCE: It has first resistance close to the level of10955& above this level the next resistance is seen near the 11185 mark.
 

SUPPORT: It has first support close to the level of10300 & below this level the next support is seen near 10171 marks.

18th January Tuesday Nifty Technical View

Nifty Future moved under a tight range after sharp fall in last week and closed in flat note amid choppy session. If it manages to sustain below 5620 level we can see some more down trend in it. One should wait for proper break out. Support for Nifty Future is at 5600/5565 and resistance is at 5730/5860 levels.

RESISTANCE: It has first resistance close to the level of 5730 & above this level the next resistance is seen near the 5860 mark.

SUPPORT: It has first support close to the level of 5600& below this level the next support is seen near 5565 mark.

Bank nifty future also moved under tight range and closed on flat note. One should wait for proper break out on either side. If Bank Nifty future breaks 10300 level we can see some more correction in it. Support for Bank Nifty is at 10300/10171 and Resistance is at 10845/10955.

RESISTANCE: It has first resistance close to the level of10845& above this level the next resistance is seen near the 10955 mark.

SUPPORT: It has first support close to the level of10300 & below this level the next support is seen near 10171 marks.