Technical View on Nifty Futures for 09th Sept.

Nifty made the flat closing of the high volatile session. today it was the overall range bound session and we had seen both side movement in the market. Now the key thing is that still nifty future is trading above the 5540 to 5550 zone which is the good short term support zone for nifty future. Decisive closing below this support may slip it till the lower levels of 5490 to 5500 in near run. In the upside the next technical resistance seems close to the level of 5700. 

---

Get Premium Tips in Stocks and Commodity Click Here

---

For intra day trading we recommend long position in nifty future from the current levels for the targets of 5650, 5700 with the intra day stop loss around 5540.

Bank Nifty Future Review Today

Bank nifty future is looking to continue the upward movement & we might see some more new highs in it. The next technical resistance seems close to the levels of 11290 to 11300. Decisive closing above this resistance zone may take up it till the level of 11500 in near run. In the downside the immediate short term support for bank nifty future seems close to the levels of 11100 to 11110. Decisive closing below this support zone may slide it till the lower level of 11000 in near run.

BSE Sensex Review Today

Sensex witnessed the high volatile session and in the end made closing in green zone on flat note. The next resistance zone for the sensex seems to the levels of 18850 to 18900. Decisive closing above this level may lead the sensex towards the level of 19150 to 19200 in near run. In the downside it is having the crucial short term support close to the levels of 17800 to 17850. Decisive closing below this support zone may slip the sensex towards the lower level of 17400 in near term.

NSE Nifty Tips

Nifty continued the upward rally today and in the end made the closing in the green zone. Now nifty future looking very strong for more upside from the current levels. The next resistance for nifty future seems to be in the zone of 5700 to 5710. In the downside the immediate support for nifty future seems to be in the zone of 5540 to 5550. Decisive closing below this support zone may slip it till the lower levels of 5490 to 5500 in near run. For intra day we recommend long position in nifty future for the target of 5700 with the intra day stop loss around 5540.

Bank Nifty for September 08th

Bank Nifty Future witnessed the side ways movement today with negative bias. the next resistance for bank nifty future seems to be in the zone of 11290 to 11300. Decisive closing above this resistance may take up it till the level of 11500 in near run. In the downside 11100 to 11110 may be the intra day support for bank nifty future. Decisive closing below it may create the further selling pressure in bank nifty future & may slip it till the lower levels of 10990 to 11000 in near run.