Nifty future closed at 5490.55 down by 8.15 points on last trading session, expiry & repo rate impact can see on trading session. Nifty looking bullish for upcoming session if it manage 5440 level, otherwise form the level of 5530 nifty seems to be bearish.

Nifty Resistance - Nifty has first resistance of 5540 & second resistance is 5615

Nifty Support  - Nifty has first support of 5440 & second support is 5340.

The stock is currently moving in an uptrend. Its next resistance is at 439, crossing of this level may take the stock further upwards while it may also resist at higher levels and reverse back.

R- 439

S - 400

ONGC battered down to the level of 275 and in today's trading session it manages to trade and close below its 10 days and 50 DMA and it is now trading at 276.30. It is now taking resistance at 280 and support at 274. It is looking weak on charts; one can go for short position in it at 274 for the target of 250.

R - 280

S - 274

In today's trading session, the stock again breaches its support level and made a low of 2380.50. The stock was down by more than 1.65%. It now has resistance level at 2410 and support level at 2380. One may hold short position in it till it crosses its resistance level of 2410 upsides.

R - 2410

S - 2380

In today's trading session, the stock consolidates with negative biasness. The major trend in the stock is bullish. In upcoming session, consolidation with positive biasness can be expected. It now has next resistance level at 528 and support level at 510. One may hold long position in it till it breaks its support level of 510.

R - 528

S - 510

The BSE index closed at 18518, down by 353 points, the index touched a high and a low of 18,944.60 and 18,481.63 respectively. The Nifty index shut up 5575, down by 105 points, the index touched high and low of 5,702.25 and 5,560.15 respectively.

Nifty July 2011 futures closed at 5,577.30, at a premium of 2.45 point over spot closing of 5,574.85, while Nifty August 2011 futures were at 5,593.00 at a premium of 18.15 points over spot closing. The near month July 2011 derivatives contract expires on Thursday, 28 July, 2011. Nifty July futures saw an addition of 20.63% or 3.75 million (mn) units, taking the total outstanding open interest (OI) to 21.98 mn units.

Among Nifty calls, 5700 SP from the July month expiry was the most active call with an addition of 1.91 million or 21.05%. Among Nifty puts, 5600 SP from the July month expiry was the most active put with a decline of 2.79 million or 26.00%. The maximum Call OI outstanding for Calls was at 5600 SP (11.01 mn) and that for Puts was at 5500 SP (7.94 mn).

The stock is currently moving in an up trend. Its next resistance is at 439, crossing of this level may take the stock further upwards while it may also resist at higher levels and reverse back.

R - 439

S - 430

The stock opened gap up and then moved down during the trading hour and closed on a positive flat note. The major trend presently in the stock is sideways. The stock is now facing resistance at 475 and has support at 450. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance.

R - 475

S - 450

The stock showed an up movement during the trading hour and closed on a positive note. The trend presently in the stock is sideways. The stock is now facing resistance at 185 and has support at 173. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.

R - 185

S - 173

After making low of 857.55 it is continuously moving in an upward trend and a gap up opening made it to trade above the 10 days and 50 days DMA. In order to be in an upward trend it has to trade and consolidate above the 10 days and 50 days moving averages. It is now taking resistance at 895 above this level it would be in an upward trend.

R - 895

S - 879

The Sensex closed at 18871, up 149 points from its previous close, and the Nifty shut shop at 5680, up 46 points. The BSE Index closed at 18871, up by 149, The index touched a high and a low of 18,932.27 and 18,670.84 respectively. While Nifty shut up at 5680, up by 46 points, The index touched high and low of 5,700.55 and 5,616.70 respectively.

Nifty July 2011 futures closed at 5,687.70, at a premium of 7.40 point over spot closing of 5,680.30, while Nifty August 2011 futures were at 5,703.80 at a premium of 23.50 points over spot closing. The near month July 2011 derivatives contract expires on Thursday, 28 July, 2011. Nifty July futures saw an addition of 4.20% or 0.82 million (mn) units, taking the total outstanding open interest (OI) to 20.41 mn units.

Among Nifty calls, 5700 SP from the July month expiry was the most active call with a decline of 0.80 million or 9.12%. Among Nifty puts, 5600 SP from the July month expiry was the most active put with an addition of 1.99 million or 22.48%. The maximum Call OI outstanding for Calls was at 5600 SP (9.56 mn) and that for Puts was at 5500 SP (10.88 mn).