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.

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.

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