Techncial View on Bank Nifty (25th March ’11)
In banking, CNX Bank Index gained 112.25 points or 1.02 %. Amongst the banking stocks State Bank of Bikaner & Jaipur, Bank of Maharashtra and State Bank of Mysore lead the row.
Bank Nifty Futures shut stop at 11123.75 up 137.70 points or 1.25 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11155 else below 11000 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11155 above this level the next resistance is seen near to the level of 11325.
SUPPORT: It has first support close to the level of 11000 & below this level the next support is seen near 10760 marks.
Bank Nifty Futures shut stop at 11123.75 up 137.70 points or 1.25 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11155 else below 11000 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11155 above this level the next resistance is seen near to the level of 11325.
SUPPORT: It has first support close to the level of 11000 & below this level the next support is seen near 10760 marks.
Technical View on Nifty (24th March ’11)
With a positive opening this morning, the bourses kept up the momentum, and traded firm through the day until late afternoon, shrugging off Asian power-house Nikkei's near-2% drop in value today. The S&P CNX Nifty closed at 5480.25, up 66.40 points or +1.23%.
The Nifty futures closed flat and settled finally at 5503.10, up by 68.95 points or 1.27 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5530 else below 5415 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5530 & above this level the next resistance is seen near the 5575 mark.
SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5350 mark.
Technical View on Bank Nifty (24th March ’11)
In banking, CNX Bank Index gained 186.80 points or 1.73 %. Amongst the banking stocks State Bank of Bikaner & Jaipur, Bank of Maharashtra and State Bank of Mysore lead the row.
Bank Nifty Futures shut stop at 10994.90 up 180.45 points or 1.67 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11050 else below 10760 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11050 above this level the next resistance is seen near to the level of 11155.
SUPPORT: It has first support close to the level of 10690 & below this level the next support is seen near 10520 marks.
Technical View on Nifty (23rd March ’11)
Indian markets snapped a three-day fall and firmed 0.92 percent, supported by a rebound in Japan and gains in other markets but investors were skeptical if the rise would hold in the near term as developments unfolded in the Middle East. The S&P CNX Nifty closed at 5413.85, down 49.10 points or 0.92%.
The Nifty futures closed flat and settled finally at 5434.15, up by 54.05 points or 1 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5450 else below 5350 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5450 & above this level the next resistance is seen near the 5505 mark.
SUPPORT: It has first support close to the level of 5350 & below this level the next support is seen near 5300 mark.
Technical View on Bank Nifty (23rd March ’11)
In banking, CNX Bank Index gained 7.70 points or -0.07 %. Amongst the banking stocks Dhanlaxmi Bank, Karur Vysya Bank and Yes Bank lead the row.
Bank Nifty Futures shut stop at 10771.30 up 47.70 points or 0.44 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10865 else below 10690 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 10865 above this level the next resistance is seen near to the level of 10970.
SUPPORT: It has first support close to the level of 10690 & below this level the next support is seen near 10610 marks.
Technical Overview on Nifty (23rd September '10)
Nifty witnessed an upside consolidation phase today and in the end made a closing in the red zone. The next technical resistance for nifty future seems close to the levels of 6050 to 6060. Decisive closing above this resistance zone may lead nifty future for the level of 6155 to 6180 in near run. The immediate support for nifty future seems close to the level of 5950. Closing below this support may make it slip till the levels of 5900 to 5905 in near run. For intraday trading we recommend long position in nifty future from the current levels with the stop loss around 5950 for the target of 6150 in near run.
Technical Overview on Bank Nifty (23rd September '10)
Bank Nifty Future is holding the upper levels and today made strong recovery after small corrections and in the end made closing in the green zone. Now the next technical resistance for bank nifty future seems close to the levels of 12360 to 12365. Decisive closing above this resistance zone may take it up to the level of 12500 in near run. The immediate support for bank nifty future seems close to the level of 12150. Decisive closing below this support may slip it till the levels of 12090 to 12100 in near run.
Technical Overview on Sensex (23rd September '10)
Sensex witnessed some correction from the upper levels and in the end made closing in the red zone. Now the next technical resistance for sensex seems to be in the zone of 20200 to 20250. Decisive closing above this resistance zone may further take it up till the levels of 20400 to 20425 in near run. In the downside the immediate support for sensex seems close to the level of 19790 to 19800. Closing below this support zone may make it slip till the levels of 19635 to 19640 in near run.
Nifty – Support and Resistance (6th August '10)
Nifty – Support and Resistance (6th August '10)
Nifty continued the upward rally today and made a high of 5480. Overall it was a highly volatile session. Technically market is looking well set to break the level of 5500 in near time. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. In the downside the intraday support seems to be around the levels of 5400 to 5405. Closing below this support range may make it slip till the lower levels of 5350 to 5355 in near run. For trading we already mention in our previous reports that every dip in nifty future is the buying opportunity until it close below 5350, the next targets in it seems to be at the level of 5500,5550 in near run.
Technical View on Sensex
Sensex reached close to the level of 18300, as we already mention in our previous report that it might face the next resistance in the zone of 18300 to 18350. Decisive closing above this resistance zone may head up it till the level of 18800 in near run. in the downside the immediate support for it seems to be in the levels of 18000 to 18025. After this it may get the next support close to the levels of 17820 to 17850.
Nifty continued the upward rally today and made a high of 5480. Overall it was a highly volatile session. Technically market is looking well set to break the level of 5500 in near time. Decisive closing above 5500 may lead it towards the levels of 5600 to 5610 in near run. In the downside the intraday support seems to be around the levels of 5400 to 5405. Closing below this support range may make it slip till the lower levels of 5350 to 5355 in near run. For trading we already mention in our previous reports that every dip in nifty future is the buying opportunity until it close below 5350, the next targets in it seems to be at the level of 5500,5550 in near run.
Technical View on Sensex
Sensex reached close to the level of 18300, as we already mention in our previous report that it might face the next resistance in the zone of 18300 to 18350. Decisive closing above this resistance zone may head up it till the level of 18800 in near run. in the downside the immediate support for it seems to be in the levels of 18000 to 18025. After this it may get the next support close to the levels of 17820 to 17850.
Technical View on Nifty and Sensex (3rd August '10)
Nifty – Support and Resistance (3rd August '10)
Nifty bounced from the support levels & in the end made a strong closing, as we already mention in our previous report that one may go for buy on dips in Nifty Futures until it close below 5350 for the targets of 5410,5440, today market achieved it. Now technically Nifty Futures is looking strong & have the next key resistance close to the level of 5500 to 5510. Decisive closing above this resistance range may take up it till the levels of 5600 to 5610 in near run. In the lower side the crucial short term support seems to be in the range of 5350 to 5370.
Technical View on Sensex (3rd August '10)
Sensex get the good buying support again close to the levels of 17825 to 17860 this zone be come the crucial short term support zone for the Sensex. the next key resistance zone for the Sensex seems to be at the levels of 18320 to 18350. decisive closing above this resistance zone may guide it towards the levels of 18800 to 18850 in near run.
Nifty bounced from the support levels & in the end made a strong closing, as we already mention in our previous report that one may go for buy on dips in Nifty Futures until it close below 5350 for the targets of 5410,5440, today market achieved it. Now technically Nifty Futures is looking strong & have the next key resistance close to the level of 5500 to 5510. Decisive closing above this resistance range may take up it till the levels of 5600 to 5610 in near run. In the lower side the crucial short term support seems to be in the range of 5350 to 5370.
Technical View on Sensex (3rd August '10)
Sensex get the good buying support again close to the levels of 17825 to 17860 this zone be come the crucial short term support zone for the Sensex. the next key resistance zone for the Sensex seems to be at the levels of 18320 to 18350. decisive closing above this resistance zone may guide it towards the levels of 18800 to 18850 in near run.
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