Market Outlook
Today, the markets closed flat, oil & gas and metals were the biggest gainers of today's trading session. The other sectors too performed well. Nifty settled flat at 5046.20 and Sensex closed around 16,751, up by 13 points.
Nifty Prediction
Today, Nifty opened at 5025 and traded in extremely narrow range as it made intraday high of 5060 and low of 5020. The S&P CNX Nifty finally settled and closed flat at 5046.20. For tomorrow, If Nifty trades above the level of 5,042.36 then a rally towards 5,101 - 5,063.40 levels are likely to be seen on the up side. If Nifty fails to trade above level of 5,042.36 then a rally towards 5,025.20 - 4,987 levels could also be seen on the downside.
Resistance3: 5,101.60, Resistance2: 5,080.56, Resistance1: 5,063.40.
Pivot Point: 5,042.36.
Support1: 5,025.20, Support2: 5,004.16, Support3: 4,987.
Bank Nifty Tomorrow
Today, The CNX Bank Index lost -33 point or -0.36 %. Canara Bank, Kotak Mahindra Bank and Axis Bank were the top gainers of today's trading session amongst the banking index.
Bank Nifty Futures finally settled around 9002.30, down by -76.05 points or -0.83 %. Bank Nifty Futures is likely to be bullish in the coming trading session if it manages to trade above the resistance level of 9210 else below the support level of 8910 it would be in a downward trend.
Resistance: 9210 - 9340.
Support: 8910 - 8720.
Resistance3: 5,101.60, Resistance2: 5,080.56, Resistance1: 5,063.40.
Pivot Point: 5,042.36.
Support1: 5,025.20, Support2: 5,004.16, Support3: 4,987.
Bank Nifty Tomorrow
Today, The CNX Bank Index lost -33 point or -0.36 %. Canara Bank, Kotak Mahindra Bank and Axis Bank were the top gainers of today's trading session amongst the banking index.
Bank Nifty Futures finally settled around 9002.30, down by -76.05 points or -0.83 %. Bank Nifty Futures is likely to be bullish in the coming trading session if it manages to trade above the resistance level of 9210 else below the support level of 8910 it would be in a downward trend.
Resistance: 9210 - 9340.
Support: 8910 - 8720.
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