The markets slipped over 2% in the last leg of trade following heavy selling in front-line IT and banking shares as concerns of global growth slowing down weighed on investor sentiment.

The Nifty opened flat, but wilted under selling pressure soon after. The index cracked the 5,000-mark, and touched a low of 4,932.15 during the last half an hour of trade. The Nifty finally closed near day’s low at 4,944.15, down 112.45 points and the Sensex ended at 16,469.79, down 371.01 points or -2.20 %.

Nifty Futures shut stop at 4931.10 down by -136.65 points or -2.68 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4925 else above resistance level of 5140 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5230 mark. 

SUPPORT: It has first support close to the level of 4925 & below this level the next support is seen near 4775 mark. 

In banking, CNX Bank Index lost -351.70 points or -3.53 %. Amongst the banking stocks UCO Bank, United Bank of India and Indian Bank lead the row.

Bank Nifty Futures shut stop at 9552.90 down by -402 points or -4.04 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 9540 else above resistance level of 9990 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 9990 & above this level the next resistance is seen near the 10195 mark. 

SUPPORT: It has first support close to the level of 9540 & below this level the next support is seen near 9275 mark. 

It was a day out in the red on Thursday for several stocks from across various sectors as investors resorted to some heavy selling almost right through the session, tracking global cues.

Worries about the global economy on the back of near term uncertainty in the U.S., lingering concerns about the state of affairs in the euro zone and fears of another rate hike back home despite somewhat easing inflation, all contributed to the sell-off today.

The Sensex, which plunged to 16,433.31, ended the day at 16,469.79 with a big loss of 371.01 points or 2.2%.

The Nifty settled at 4944.15, slightly off the day's low of 4932.15, recording a loss of 112.45 points or 2.22%.

Benchmarks ended in the negative territory but off day's low after institutional investors turned sellers in the last half an hour of trade. Weak cues from Europe, US and concerns of possible rate hike by the RBI pushed bulls on the back foot. India's WPI inflation for the month of July eased slightly to 9.22 percent against 9.44 per cent a month ago. May WPI inflation has been revised upwards to 9.56 per cent vs 9.06 per cent. The inflation level remains stubbornly above the comfort levels. The S&P CNX Nifty closed at 5035.80, down by -37.15 points or -0.73 %.

Nifty Futures shut stop at 5040 down by -39.85 or -0.78 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5000 else above resistance level of 5140 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5140 & above this level the next resistance is seen near the 5235 mark. 

SUPPORT: It has first support close to the level of 5000 & below this level the next support is seen near 4950 mark. 

In banking, CNX Bank Index lost -124.40 points or 1.19 %. Amongst the banking stocks Dhanlaxmi Bank, Axis Bank and Bank of Baroda lead the row.

Bank Nifty Futures shut stop at 10085 down by -126.30 points or -1.24 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10015 else above resistance level of 10315 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10315 & above this level the next resistance is seen near the 10525 mark. 

SUPPORT: It has first support close to the level of 10015 & below this level the next support is seen near 9930 mark. 

Erasing early gains, the Bombay Stock Exchange benchmark Sensex fell nearly 109 points on Tuesday as funds sold on fears of hike in interest rate amid high inflation and weak global markets.

The Sensex, which had climbed to 17,035.49 in the morning trade, gaining 187 points, fell back to end with a loss of 108.69 points at 16,730.94 on fears that RBI might hike key interest rates to curb inflation as it remained over 9 per cent for July.

Brokers said the nominal decline in inflation to 9.22 per cent in July, from a 9.44 per cent in June, was not enough to avert fears of further hike in interest rates.

The broad-based National Stock Exchange index Nifty lost 37.15 points to 5,035.80, after climbing to 5,132.20 as stocks in metals, realty, bank and oil and gas sector fell.

Markets declined as investors remained cautious over murky global outlook and expectations that the Reserve Bank of India would continue to hike rates after better than expected industrial output data.

The Nifty opened in the green and touched a high of 5,194.45 tracking firm global cues. The index wilted under selling pressure after the industrial output data came in higher than expected; stoking expectations that RBI may continue with its tightening process. The index made a low of 5,052 in the noon session. The S&P CNX Nifty finally closed at 5,072.95, down 65.35 points.

Nifty Futures shut stop at 5074.50 down by -62.75 or -1.22 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5050 else above resistance level of 5190 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5190 & above this level the next resistance is seen near the 5240 mark. 

SUPPORT: It has first support close to the level of 5050 & below this level the next support is seen near 4950 mark. 

In banking, CNX Bank Index lost -156.10 points or -1.51 %. Amongst the banking stocks Jammu & Kashmir Bank, Union Bank of India and Allahabad Bank lead the row.

Bank Nifty Futures shut stop at 10179.90 down by -164.15 points or -1.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10175 else above resistance level of 10525 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10525 & above this level the next resistance is seen near the 10790 mark. 

SUPPORT: It has first support close to the level of 10175 & below this level the next support is seen near 9935 mark. 

A strong close on Wall Street overnight and an impressive show by stocks on the Asian bourses set up a buoyant start for Indian stocks Friday morning. However, after the first hour, the market faltered and kept drifting lower following a surprisingly upbeat industrial production data for June raising fears of another rate hike by the central bank.

The sharp surge in food inflation too weighed on sentiment to a significant extent. Ignoring some good report cards from India, investors indulged in some selling right through the day, fearing a significan drop in earnings over the next few quarters due to rising borrowing costs.

According to the data released by the government on friday, India's industrial output, as measured by the IIP, grew by 8.8% in June versus consensus forecast of 5.5-5.7%. The Government also revised May's IIP reading to 5.9%, from 5.6% earlier.

Information technology, bank and realty stocks were among the prominent losers. Several stocks from power and metal sectors too ended notably lower. Oil, capital goods and automobile stocks gave up early gains and ended weak. Select FMCG and healthcare stocks found some support. Midcap and smallcap stocks managed to outperform the market till around mid afternoon but lost their way towards the end of the session. 

The Sensex, which opened with a positive gap of nearly 200 points at 17,246.88 - it remained its high for the day - but plunged to 16,784.56 in afternoon trade, ended the day with a loss of 219.77 points or 1.29% at 16,839.63. The National Stock Exchange's benchmark Nifty closed at 5072.95, nearly 125 points off the day's high of 5194.45, recording a loss of 65.35 points or 1.27%.

Markets ended in the red due to selling pressure in frontline stocks-ICICI Bank, Bharti Airtel and Tata Power, shrugging off firm cues from Europe.

The Nifty opened in the negative and touched a low of 5,128 tracking weak global cues. The index changed lanes and touched a high of 5,184 in the afternoon session following a recovery in Asian indices and rally in European markets. However, selling in select banking and frontline shares dragged the index in the last leg of the trade. The Nifty finally ended at 5,138, down 23 points and the Sensex closed at 17,059, down 71 points.

Nifty Futures shut stop at 5128 down by -30.65 or -0.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5118 else above resistance level of 5240 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5122 & above this level the next resistance is seen near the 5240 mark. 

SUPPORT: It has first support close to the level of 5118 & below this level the next support is seen near 4950 mark. 

In banking, CNX Bank Index lost -124.40 points or 1.19 %. Amongst the banking stocks Dhanlaxmi Bank, Axis Bank and Bank of Baroda lead the row.

Bank Nifty Futures shut stop at 10338.90 down by -119.70 points or 1.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10320 else above resistance level of 10525 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10525 & above this level the next resistance is seen near the 10790 mark. 

SUPPORT: It has first support close to the level of 10320 & below this level the next support is seen near  9930 mark. 

The BSE Sensex  fell 0.4 percent after choppy trading on Thursday after data showed food inflation accelerated in end-July, triggering expectations the Reserve Bank of India (RBI) may continue with its tightening cycle despite global economic uncertainty.

"The stocks stayed in the negative zone as the inflation number was higher than expected. I think the higher inflation is not going to go in a hurry," said Neeraj Dewan, director at Quantum Securities.

However, analysts expect some bargain hunting to come in to the market after the main stock index ended lower for seven out of the last eight sessions. It had fallen 8 percent in the six sessions till Tuesday. 

"We see value buying coming in the sectors linked to domestic consumption story such as FMCG," said Ambareesh Baliga, Chief Operating Officer at Way2Wealth.

In the broader market, 803 declines outnumbered advances on a total volume of 537.7 million shares. 

Selling pressure in oil & gas stocks has taken the markets off the day's high. A declining European market and falling Dow future have dampened sentiments in India. 

The markets had rebounded from yesterday's fall, owing to a recovery in global stocks. The NSE Nifty, after touching a high of 5190 moved sideways for the first half of the day. However, it started to slip in afternoon trades and touched a low of 5118.10 down 71.90 points from the days high. The index is now at 5161 up 88.15 points or 1.74 %.

Nifty Futures shut stop at 5148 up by -64.60 or 1.27 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5118 else above resistance level of 5240 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5240 & above this level the next resistance is seen near the 5440 mark. 

SUPPORT: It has first support close to the level of 5118 & below this level the next support is seen near 4950 mark. 

In banking, CNX Bank Index gained 10463.20 points or 2.62 %. Amongst the banking stocks South Indian Bank, State Bank of Mysore and Canara Bank lead the row.

Bank Nifty Futures shut stop at 10474 up by 246.80 points or 2.41 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10500 else support level of 10360 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 10500 & above this level the next resistance is seen near the 10790 mark. 

SUPPORT: It has first support close to the level of 10360 & below this level the next support is seen near 9930 mark. 

After six successive days of losses, the market turned positive and ended with strong gains today.

The sharp rebound on Wall Street overnight after the Federal Reserve pledged to keep rates at near-zero levels till mid-2013 buoyed up sentiment across global markets.

The Sensex, which shot up nearly 400 points in early trade, ended at 17,113.35 (provisional) with a gain of 255.44 points or 1.52%.

The Nifty closed at 5159.35, up 87.50 points or 1.7%. 

IT stocks led the charge in morning trades and despite paring some gains later on, ended on a high note.

Automobile stocks rallied on reports of a likely cut in fuel prices.

Realty, consumer durables, bank and capital goods stocks too posted handsome gains.

Power and metal stocks found support as well.

Select pharma stocks moved up. Fertilizer stocks recorded hefty gains. 

Oil and FMCG stocks were subdued in afternoon trade.

Midcap and smallcap stocks had a good outing.

The market breadth was strong.

Volatility ruled the roost today, India's volatility index hit an all-time high of 34.31 as global uncertainty weighed on investor’s mind.

The US markets had crashed in trades on Monday following the S&P downgrade. The Dow Jones Industrial Average slumped 5.5% to 10,810. The NASDAQ plunged almost 7% to 2,358, and the S&P index cracked 6.7% at 1,119. The S&P CNX Nifty 5072.85 down by -45.65 or -0.89 %.

Nifty Futures shut stop at 5083.40 down by -42.80 or -2.83 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 4930 else above resistance level of 5210 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5210 & above this level the next resistance is seen near the 5560 mark. 

SUPPORT: It has first support close to the level of 4930 & below this level the next support is seen near 4780 mark. 

In banking, CNX Bank Index lost -35.75 points or -0.35 %. Amongst the banking stocks State Bank of Bikaner and Jaipur, Yes Bank and Syndicate Bank lead the row.

Bank Nifty Futures shut stop at 10227.20 down by -15.70 points or -0.15 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 9935 else above resistance level of 10500 it would be in an upward trend.

It is looking bearish in the coming trading session if it manages to trade below the support level of 9935 else above resistance level of 10500 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10500 & above this level the next resistance is seen near the 10790 mark.

SUPPORT: It has first support close to the level of 9935 & below this level the next support is seen near 9710 mark.

The Indian benchmark indices Sensex and Nifty extended their losing streak to a sixth successive day today, but thanks to some hectic short-covering and bargain hunting, ended with far less losses than feared this morning following a big gap down opening and subsequent sharp fall.

The overnight terrible setback on Wall Street following a huge sell-off on the back of Standard & Poor's rating downgrade on U.S. credit, and the resultant plunge in Asian markets set up another disastrous start for Indian stocks. Weak economic data from China too contributed to the bearish sentiment.

However, a statement from Standard & Poor's that there may not be an immediate impact of the downgrade of US credit rating on India and a recovery in some Asian and European markets triggered some strong buying at several front line counters in early afternoon trade.

Though the recovery that lifted the market into positive territory turned short-lived after European markets caved in to pressure amid concerns about the ongoing credit crisis, stocks found some support again during the final hour and significantly cut down their losses by the end of the day.

The Sensex, which went down by over 550 points to around 16,432 following a weak start but rallied to 17,135 around early afternoon, ended the day at 16,857.91 with a loss of 132.27 points or 0.78%. 

The Nifty, which hit a low of 4946.65 and a high of 5167 during the session, settled at 5072.85, netting a loss of 45.65 points or 0.89%. 

Markets recovered partially in late noon trades, but ended lower for the fourth consecutive day following global sell-off on US growth and sovereign debt concerns. The Nifty closed at 5,211, down 120 points and the Sensex ended at 17,336, down 357 points (provisional).

Nifty Futures shut stop at 5220 down by -117.20 or -2.20 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5110 else above resistance level of 5240 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5240 & above this level the next resistance is seen near the 5440 mark. 

SUPPORT: It has first support close to the level of 5110 & below this level the next support is seen near 5000 mark. 

In banking, CNX Bank Index lost -182.85 points or -1.73 %. Amongst the banking stocks Karnataka Bank, Lakshmi Vilas Bank and Dhanlaxmi Bank lead the row.

Bank Nifty Futures shut stop at 10366 down by -185.95 points or -1.76 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10155 else above resistance level of 10380 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10380 above this level the next resistance is seen near to the level of 10790.

SUPPORT: It has first support close to the level of 10155 & below this level the next support is seen near 10030 marks.

Markets ended in the negative after swinging between gains and losses due to selling in index heavyweights-ITC, Mahindra & Mahindra and Reliance Industries; also concerns over slowing global growth weighed. The S&P CNX Nifty opened in the green and touched a high of 5,434 in the morning session. The index was choppy for a brief period before giving into selling pressure in the afternoon trades as investors fretted over the impact of slowing growth in the United States and a series of rate hikes by the Reserve Bank of India. The Nifty closed near day's low, at 5,332, down 73 points and the benchmark Sensex ended at 17,693, down 247 points.

Nifty Futures shut stop at 5339.80 down by -84.60 or -1.56 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5325 else above resistance level of 5440 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5500 mark. 

SUPPORT: It has first support close to the level of 5325 & below this level the next support is seen near 5255 mark. 

In banking, CNX Bank Index lost -50.80 points or 0.47 %. Amongst the banking index Lakshmi Vilas Bank, Axis Bank and Andhra Bank lead the row.

Bank Nifty Futures shut stop at 10532 down by 154.50 points or 1.44 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10525 else above resistance level of 10790 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10790 above this level the next resistance is seen near to the level of 10920.

SUPPORT: It has first support close to the level of 10525 & below this level the next support is seen near 10445 marks.

As a severe bout of selling pressure engulfed the market in late afternoon trade amid worries about a likely fall in earnings due to high interest rates, stocks from across various sectors tumbled and dragged the benchmark indices Sensex and Nifty down to a highly negative close on Thursday.

The start was a bit shaky this morning, but stocks soon rallied higher with bargain hunting after recent heavy losses aiding their surge. However, after a brief spell in positive territory, the market turned easy and then kept sliding lower and lower as the session progressed.

According to the data released by the government today, food price index rose 8.04% and the fuel price index climbed 12.12% in the year to 23 July 2011. In the previous week, annual food and fuel inflation stood at 7.33% and 12.12%, respectively. The primary articles price index was up 10.99%, compared with an annual rise of 10.49% a week earlier.

The Sensex, which plunged to 17,664.73, hitting a six-week low in the process, ended the day at 17,693.18, recording a loss of 247.37 points or 1.38%. The Nifty closed at 5331.80, slightly off the day's low of 5323.15, netting a loss of 73 points or 1.35%.

In banking, CNX Bank Index lost -50.80 points or 0.47 %. Amongst the banking index Lakshmi Vilas Bank, Axis Bank and Andhra Bank lead the row.

Bank Nifty Futures shut stop at 10776.75 down by -66.65 points or -1.27 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10575 else above resistance level of 10730 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10730 above this level the next resistance is seen near to the level of 10920.

SUPPORT: It has first support close to the level of 10575 & below this level the next support is seen near 10445 marks.

Amid mounting worries about the global economy on the back of some weak data from the U.S., and parts of Asia and Europe, and on concerns about the impact of high interest rates on economic growth and corporate earnings in the country, investors went on a selling spree this morning, tracking cues from its Asian peers.

After a weak start and a subsequent sharp fall in morning trades, the market did manage a couple of smart rallies as the session progressed but still ended the day on a highly negative note with key stocks from capital goods, automobile and information technology sectors posting notable losses.

Pharmaceuticals and bank stocks too mostly ended weak. Realty stocks Realty stocks started off on a dismal note but regained some lost ground in late afternoon trade to end well off their lows. Metal stocks too recovered after a weak start. Oil, power and FMCG stocks closed mixed.

The Sensex, which plunged to 17,859.60 a little past noon, ended the day at 17,940.55, recording a loss of 169.34 points or 0.94%, while the Nifty closed at 5404.80, off the day's low of 5378.85 with a loss of 51.75 points or 0.95%.

The markets ended with significant losses on the back of weakness in metal and realty stocks. Taking a heavy beating, the BSE Sensex ended at 18,110, down 204 points and the S&P CNX Nifty ended at 5,457, down 59 points. 

Nifty Futures shut stop at 5466.50 down by -66.45 or -1.20 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5430 else above resistance level of 5500 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5500 & above this level the next resistance is seen near the 5560 mark. 

SUPPORT: It has first support close to the level of 5430 & below this level the next support is seen near 5330 mark. 

In banking, CNX Bank Index lost -195.70 points or 1.79 %. Amongst the banking index Canara Bank, Central Bank and Federal Bank lead the row.

Bank Nifty Futures shut stop at 10776.75 down by -66.65 points or -1.27 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10740 else above resistance level of 10920 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10920 above this level the next resistance is seen near to the level of 11075.

SUPPORT: It has first support close to the level of 10740 & below this level the next support is seen near 10610 marks.

After posting fairly strong gains on Monday on the back of the U.S. government deciding to hike debt limit to avoid a potential default, Asian markets turned weak on Tuesday as worries about slowing economy resurfaced and triggered a sell-off. The mood, quite naturally, was bearish when the Indian market opened for trading this morning.

With investors staying cautious and pressing sales till the end of the session, several blue chip stocks across various sectors closed with notable losses, pushing the benchmark indices Sensex and Nifty down by over 200 points and 60 points respectively.

While the Sensex, which plunged to 18,037.87, ended the day with a loss of 204.44 points or 1.12% at 18,109.89, the Nifty closed at 5456.55, around 23 points off the day's low, netting a loss of 60.25 points or 1.09%.

The markets today reversed its four-day losing streak. The Nifty touched a high of 5557.10 - up over 60 points - in early trades on the back of positive news flow from the overseas. US President, Barack Obama announced a framework debt-limit deal ahead of Tuesday's deadline. This will raise the US borrowing limit and help avoid a default.

Nifty Futures shut stop at 5528.55 up by 40.50 or 0.74 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5590 else below support level of 5440 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5710 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark.

In banking, CNX Bank Index gained 45.35 points or 0.42 %. Amongst the banking index ING Vysya Bank, Kotak Mahindra Bank and Jammu & Kashmir Bank lead the row.

Bank Nifty Futures shut stop at 10940 up by 29.20 points or 0.27 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11130 else below support level of 5440 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 11130 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 10900 & below this level the next support is seen near 10760 marks.

Though worries about the U.S. economy eased to an extent following the development on the debt limit issue, the mood back home was quite cautious for a better part of the later half of the session as investors appeared concerned about the impact of the latest hike in rates on growth and future corporate earnings. Heavy selling in the metal space on the back of weak economic data from China and allegations of illegal iron-ore mining in Karnataka contributed to the market's fall from higher levels.

The Sensex, which opened with a positive gap of over 150 points at 18,352.23 and spurted to 18,440.07 in a flash, ended the day at 18,314.33, nearly 100 points off the day's low, recording a gain of 117.13 points or 0.64%.

The Nifty settled at 5516.80, recording a gain of 34.80 points or 0.63% for the day. It touched a high of 5551.90 and a low of 5486.45 during the session. 

In silver as we have seen last week, it is not sustaining on higher levels. So we would recommend going for the strategy of buy on lower levels. If silver breaks the level of 59900 and sustain above 60400 one should go for a buy position above the level of 60825. It can reach the level of 62400.

TCS is looking strong on chart, as it has been consolidating with positive biasness from last many trading sessions.

Currently it is trading above its 10 day and 50 days moving average on intraday charts with daily RSI at 47.44 levels.

If the stock continues to sustain above the level of 1148 we may expect an up rally in it. Traders may go long in this stock above the level of 1155 for the targets of 1175 and 1200 with the strict stop loss of 1137.

On the back of hike in key interest rates by 50 basis points last week Indian market loose the direction and fell more than 2.5%, closed below 5500 mark @ 5490.55.

Investors fear can see in the market in coming days too. Nifty future having support zone @ 5440 levels if it crossed this level than it can move towards 5370-5300.

Nifty future having major resistance @ 5725 levels but immediate resistance comes @ 5550 above this level  5620-5680 will act as a key resistance in coming days.

Markets ended on a flat note after swinging between gains and losses through the day as concerns over US debt deal deadlock and losses in heavyweight Reliance Industries weighed. The Spot Nifty is now at 5482 – down -5.75 points or -0.10 %.

Nifty Futures shut stop at 5490.55 down by -8.15 or -0.15 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5530 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5530 & above this level the next resistance is seen near the 5710 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark.

In banking, CNX Bank Index gained 65.15 points or 0.60 %. Amongst the banking index Dena Bank, Axis Bank and Syndicate Bank lead the row.

Bank Nifty Futures shut stop at 10926.50 up by 62 points or 0.57 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10760 else above resistance level of 10980 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10980 above this level the next resistance is seen near to the level of 11130.

SUPPORT: It has first support close to the level of 10760 & below this level the next support is seen near 10600 marks.

Notwithstanding some hectic buying, first after an hour past the opening bell, and then during the penultimate hour of the session, the market ended the day on a negative note on Friday as investors mostly treaded a cautious path amid growing concerns about the global economy and fears about a likely slowdown in Indian economic growth due to sharp hike in lending rates.

There were some good results from India Inc., like the one reported by the banking sector heavyweight ICICI Bank. And there were some interesting stock specific developments as well. But the mood remained cautious almost right through and buying was quite selective during the day. 

The Sensex, which rebounded to 18,334.27 after an early fall to around 18,132, dropped down into the red around mid morning, and after staying flat for close to three hours, rallied past 18,300 only to falter again and close in negative territory. The benchmark ended the day with a small loss of 12.32 points or 0.07% at 18,197.20.

The National Stock Exchange's Nifty index closed at 5482, recording a loss of 5.75 points or 0.1%. It touched a low of 5453.95 and a high of 5520.30 during the day.

Markets continued to reel under pressure in the afternoon session following weak cues from Europe as nervousness prevailed over disagreement on US debt ceiling. The Spot Nifty is now at 5574.85 – down 105.45 points or -1.86 %.

Nifty Futures shut stop at 5487.75 down by -58.05 or -1.06 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5590 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5710 mark.

SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5330 mark.

In banking, CNX Bank Index lost -171.65 points or -1.56 %. Amongst the banking index Indian Bank, Indian Overseas Bank and Punjab National Bank lead the row.

Bank Nifty Futures shut stop at 10828.50 down by -187.75 or -1.70 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10800 else above resistance level of 10960 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10960 above this level the next resistance is seen near to the level of 11130.

SUPPORT: It has first support close to the level of 10800 & below this level the next support is seen near 10600 marks.

With the mood remaining quite bearish amid concerns about a likely slowdown in growth and drop in earnings due to steep hike in borrowing costs, some good results from India Inc and a decline in food inflation failed to arouse any significant buying interest today. 

According to the data released by the government today, India's food price index rose 7.33 percent and the fuel price index climbed 12.12 percent in the year to July 16. In the previous week, annual food and fuel inflation stood at 7.58 percent and 11.89 percent, respectively. The primary articles price index was up 10.49 percent, compared with an annual rise of 11.13 percent a week earlier.

Movements were quite volatile for a better part of the session due to unwinding of positions in the F&O segment ahead of July series expiry. 

The Sensex, which plummeted to 18,188.88 in late afternoon trades, ended the session with a loss of 222.73 points or 1.21% at 18,209.52. The Nifty closed at 5487.75, slightly off the day's low of 5475.65, recording a loss of 59.05 points or 1.06%.

Bombay Stock Exchange’s Sensex was at 18430.20, down 88.02 points or 0.48 per cent. The 30-share index touched intraday low of 18358.76 and high of 18578.55.

National Stock Exchange’s Nifty ended at 5545.70, down 29.15 points or 0.52 per cent. The broader index touched a high of 5591.70 and low of 5521.50 in trade today.

BSE Midcap Index was up 0.27 per cent and BSE Smallcap Index edged 0.01 per cent up.

Indian markets ended sharply lower as higher-than-expected hike in key interest rates by the Reserve Bank of India spooked sentiments. Rate sensitive were beaten down badly on concerns that rising interest rate would impact business adversely. The Spot Nifty is now at 5574.85 – down 105.45 points or -1.86 %.

Nifty Futures shut stop at 5577.30 down by -113.35 or -1.99 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5555 else above resistance level of 5710 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5710 & above this level the next resistance is seen near the 5790 mark.

SUPPORT: It has first support close to the level of 5555 & below this level the next support is seen near 5490 mark.

In banking, CNX Bank Index lost -277.25 points or -2.43 %. Amongst the banking index Dhanalakshmi Bank, Yes Bank and Kotak Bank lead the row.

Bank Nifty Futures shut stop at 11104 down by -295.25 or 2.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 11030 else above resistance level of 11495 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11495 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11030 & below this level the next support is seen near 10975 marks.

As pressure mounted amid fears of a slowdown in growth and a possible drop in earnings, stocks drifted lower and lower as the session progressed and eventually ended the day on a highly negative note today. Weakness in European markets amid lingering worries about U.S. and European economies too weighed on sentiment to an extent. 

The market, which was expecting a hike of 25 basis points in the repo rate, went sliding down sharply after the central bank announced a 50 basis points hike to 8%. The apex bank raised the reverse repo rate by 50 basis points to 7% even as it left the CRR and savings bank rate unchanged at current levels. The central bank revised the inflation target to 7% from an earlier forecast of 6%, while maintaining the growth rate forecast at 8%.

The mood was so bearish this afternoon that even some fairly impressive results from India Inc failed to arouse any buying interest. 

The Sensex, which nosedived to 18,481.63, losing nearly 400 points, ended the day with a loss of 353.07 points or 1.87% at 18,518.22. The Nifty  index of the National Stock Exchange settled at 5574.85, slightly off the day's low of 5560.15, recording a loss of 105.45 points or 1.86%.

Markets moved up further in late-noon trades as index heavyweight, Reliance saw heavy buying. The Spot Nifty after languishing near the dotted line for most part of the day, surged 46.35 points to a high of 5680.30. The index is now at 5680.30 - up 46.35 points or 0.75 %.

Nifty Futures shut stop at 5687.70 up by 42.15 or 0.75 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5790 else below support level of 5610 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5900 mark. 

SUPPORT: It has first support close to the level of 5610 & below this level the next support is seen near 5490 mark. 

Markets moved up further in late-noon trades as index heavyweight, Reliance saw heavy buying. The Spot Nifty after languishing near the dotted line for most part of the day, surged 46.35 points to a high of 5680.30. The index is now at 5680.30 - up 46.35 points or 0.75 %.

Nifty Futures shut stop at 5687.70 up by 42.15 or 0.75 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5790 else below support level of 5610 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5900 mark. 

SUPPORT: It has first support close to the level of 5610 & below this level the next support is seen near 5490 mark. 

Hectic buying in heavyweight Reliance Industries and telecom majors Reliance Communications and Bharti Airtel  and a few other blue chips, lifted the market that was struggling for close to four hours despite having staged a recovery of sorts after a weak start, to a fairly buoyant close today.

Weakness in Asian and European markets amid growing worries about the U.S. economy following the delay in deciding on hiking the country's debt limit. Caution ahead of some key results and the central bank's monetary policy review, due for release on Tuesday, contributed to the lackluster moves till an hour past noon. 

However, with investors turning a bit aggressive and going on a buying spree in telecom stocks, the market gradually started looking up, and gained in strength with Reliance Industries and a few other front line stocks joining the rally up north.

The Sensex, which zoomed to 18,932.27 from a morning low of 18,670.84, ended the session at 18,871.29 with a gain of 148.99 points or 0.8%, while the Nifty settled at 5680.30, around 20 points off the day's high of 5700.55, recording a gain of 46.35 points or 0.82%. The NSE benchmark touched a low of 5616.70 during the day.

Commodity which i picked for the next week is gold. Gold is in upward phase so i would suggest traders to use the strategy of buying on lower levels if next MCX gold sustains above the level of 22900 then it can test the level of 23400 if it does not break the level of 22850 on the downside. The next commodity which i picked is silver, silver is also in a consolidation phase so traders can use the strategy of buying on lower level if silver sustains above the level of 58500 then above 60000 silver can test the level of 62000. Trade with keeping strict stop loss.

Stock for the next week is ACC. It is looking strong on charts as it is being consolidating with positive biasness from last many trading sessions. It is currently trading above its 10 days and 50 days moving average with 56.18 RSI in daily charts. If it manages to sustain above the level of 995, we may expect an up rally in the stock, one could go for long position in the stock above 998 for the targets of 1020/1040 with strict Stop Loss at 970.

Nifty futures was trading in a range of 5667-5500. Nifty fut closed on a positive note on Friday at 5645.55.

Now 5670 is important resistance on the higher side above which we can expect targets of 5720, 5755. 

On the lower side important support levels are 5530 and 5500. Below 5500 we can expect the targets of 

5400 and 5310. Short term traders should look to build long positions above 5670 levels.

Markets ended on an upbeat note following positive news of Greece bail out by European Union and gains in banking shares after Axis Bank reported upbeat results. The index finally ended up 92.35 points. Nifty ended at 5633.95 up 92.35 points.

Nifty Futures shut stop at 56445.55 up by 101.35 or 1.83 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5670 else below support level of 5570 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5790 mark.

SUPPORT: It has first support close to the level of 5570 & below this level the next support is seen near 5490 mark.

In banking, CNX Bank Index gained 242.15 points or 2.19 %. Amongst the banking index Union Bank of India, Axis Bank and ICICI Bank lead the row.

                                                                                                                

Bank Nifty Futures shut stop at 11310.60 up by 243.15 or 2.20 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11110 it would be in a downward trend. 

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11110 & below this level the next support is seen near 10975 marks.

After staying away on the sidelines for a couple of days, the bulls returned to the ring today thanks to a firm trend in global markets on the back of renewed optimism about a solution to the financial crisis in Greece on the back of European leaders agreeing on a new bailout package.

Some strong quarterly numbers from India Inc and the decline in food inflation as revealed by the data released by the government on Thursday, aided sentiment to a notable extent.

Even as they awaited some positive developments from the U.S. where a rise in debt ceiling is expected, investors indulged in some hectic buying in blue chips almost right through the session on Friday. 

Bank, information technology, automobile and capital goods stocks surged higher on sustained buying support. Oil, healthcare, metal and telecom stocks moved up as well. There were notable gains for select power and FMCG stocks too. Realty and consumer durables stocks, which saw some weak spells during the session, ended off their lows thanks to some spirited buying in the final minutes.

The Sensex, which opened with a positive gap of around 130 points at 18,565, rose to 18,747.06 and eventually ended the day at 18,722.30 with a strong gain of 286.11 points or 1.55%. The Nifty index of the National Stock Exchange closed at 5633.95, recording a gain of 92.35 points or 1.67%.

Nifty Futures shut stop at 5547.05 down by -22.50 or -0.40 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5490 else above resistance level of 5590 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5590 & above this level the next resistance is seen near the 5670 mark.

SUPPORT: It has first support close to the level of 5490 & below this level the next support is seen near 5440 mark.

                                                                                                                

Bank Nifty Futures shut stop at 11077 down by -102.45 or -0.92 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10970 else above resistance level of 11230 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 11230 above this level the next resistance is seen near to the level of 11405.

SUPPORT: It has first support close to the level of 10970 & below this level the next support is seen near 10800 marks.

A fall in food inflation failed to lift sentiment as investors appeared concerned about the financial worries in the U.S. and Europe. Caution amid a slew of earnings reports too rendered the market weak on Thursday.

The Sensex, which declined around 18,415, edged up a bit from that mark and settled at 18,436.19, recording a loss of 66.19 points or 0.36%. The Nifty closed at 5541.60 with a loss of 25.45 points or 0.46%. The NSE barometer touched a high of 5578.90 and a low of 5532.70 during the day. 

Markets erased all the morning gains, in spite of firm cues from global peers. NIFTY extended losses in late noon trades and touched a low of 5555.10 down 92.25 from the day's high. The index finally ended down -46.50 points at. Nifty ended at 5,567.05 - down 46.50 points. Heavyweights were weak in trades today.

Nifty Futures shut stop at 5565.90 down by 58.40 or -1.04 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5545 else above resistance level of 5670 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5670 & above this level the next resistance is seen near the 5760 mark. 

SUPPORT: It has first support close to the level of 5545 & below this level the next support is seen near 5440 mark. 

In banking, CNX Bank Index lost -173.50 points or -1.53 %. Amongst the banking stocks Indian Overseas Bank, ING Vysya Bank and State bank of Bikaner & Jaipur lead the row.

                                                                                                                

Bank Nifty Futures shut stop at 11171 down by -173.50 or -1.53 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5545 else above resistance level of 5670 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.

SUPPORT: It has first support close to the level of 11080 & below this level the next support is seen near 10975 marks.