The BSE Sensex shut up today at 16863, up by 149 points, While Nifty Index closed at 5064 , up by 47 points.

In Market data showing a slowdown in India's services sector growth in August 2011, US recession worries and the ongoing euro-zone debt crisis offset Moody's Investors Services' positive outlook on India's rupee-denominated bonds. Selling pressure also gathered momentum as investors booked profits after the Indian markets surged ~6% inlast three sessions.

The stock is facing an either side movement currently. Its next major support is at 1700, breach of this level will take the stock further downwards while it has resistance at 1795, and one has to wait for crossing of levels on either side.

R - 1795

s - 1700

The stock has tried to reverse taking support at lower levels. Its next major resistance is at 214, if it consolidates for a while then crossing of this level will take the stock further upwards.

R - 214

S - 188

The stock opened gap down and then moved up during the trading hour but closed on negative note. The stock is now facing resistance at 898 and has support at 864. A further down movement is expected in the stock once it breaks its support level. One may go for selling the stock once it breaks its support level.

R- 898

S - 864

The BSE Sensex shut up at 16713, down by 108 points, the index touched a high and a low of 16,760.07 and 16,561.46 respectively. While Nifty index shut up 5017, down by 23 points, the index touched high and low of 5,030.30 and 4,964.45 respectively.

Nifty September 2011 futures closed at 5,013.50 at a discount of 3.70 points over spot closing of 5,017.20, while Nifty October 2011 futures were at 5,025.00 at a premium of 7.80 points over spot closing. The near month September 2011 derivatives contract expires on Thursday, September 29, 2011. Nifty September futures saw addition of 13.39% or 3.26 million (mn) units, taking the total outstanding open interest (OI) to 27.64 mn units.

Among Nifty calls, 5100 SP from the September month expiry was the most active call with addition of 0.45 million or 10.73%. Among Nifty puts, 4900 SP from the September month expiry was the most active put with addition of 0.68 million or 13.64%. The maximum Call OI outstanding for Calls was at 5100 SP (4.61 mn) and that for Puts was at 5000 SP (5.65 mn).

Nifty Futures shut stop at 5046.70 up by 43.70 points or 0.87 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5080 else below support level of 4980 it would be in a bearish trend. Nifty index closed at 5040.00 with the gain of 292.20 or 6.15 %. The Nifty Sept future finally settles at 285.40 pts or 6.01 % higher at 5034.10 and decreased 1,659,450 shares in the open interest. The Nifty future premium turned to the discount of 6.90 from the premium of 1.10 whereas cost of carry is -42.04 vs. 35.48. Nifty future has closed at 5034.10 an

Bank Nifty Futures shut stop at 9576.05 up by 54.40 points or 0.57 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 9660 else below support level of 9450 it would be in a bearish trend.

Today Sensex sut up at 16821, up by 144 points, the index touched a high and a low of 16,989.86 and 16,688.06 respectively. While Nifty shut up at 5040 up by 39 points, the index touched high and low of 5,113.70 and 4,993.35 respectively.

Nifty September 2011 futures closed at 5,046.70 at a premium of 6.70 points over spot closing of 5,040.00, while Nifty October 2011 futures were at 5,056.00 at a premium of 16.00 points over spot closing. The near month September 2011 derivatives contract expires on Thursday, September 29, 2011. Nifty September futures saw addition of 17.35% or 3.96 million (mn) units, taking the total outstanding open interest (OI) to 26.82 mn units.

Among Nifty calls, 5100 SP from the September month expiry was the most active call with addition of 0.26 million or 6.54%. Among Nifty puts, 5000 SP from the September month expiry was the most active put with addition of 0.95 million or 20.79%.The maximum Call OI outstanding for Calls was at 5100 SP (4.25 mn) and that for Puts was at 5000 SP (5.52 mn).