Market Outlook
Yesterday, India's benchmark share indices gained for the fourth straight day, to register their fifth consecutive weekly gain since September 2010, led by heavyweight Reliance Industries and private banking majors. Markets remained range bound for most part of the trading session but recovery in late trades took the Sensex to a high of 17,630.53 before finally ending at 17,604.96 - up 173.11 points. Nifty ended up 55.95 points at 5,325.85.
Nifty Tomorrow
Nifty Futures shut stop at 5345.55 up by 71.20 points or 1.35 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5360 else below support level of 5260 it would be in a downward trend.
Resistance: 5360 - 5410.
Support: 5260 - 5170.
Bank Nifty Tomorrow
In banking, CNX Bank Index gained 141.60 point or 1.42 %. Amongst the banking index IDBI Bank, HDFC Bank and State Bank of India lead the row.
Bank Nifty Futures shut stop at 10154.85 up by 187.05 points or 1.88 %. It is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 10200 else below support level of 9900 it would be in a downward trend.
Resistance: 10200 - 10530.
Support: 9900 - 9740.
Yesterday, India's benchmark share indices gained for the fourth straight day, to register their fifth consecutive weekly gain since September 2010, led by heavyweight Reliance Industries and private banking majors. Markets remained range bound for most part of the trading session but recovery in late trades took the Sensex to a high of 17,630.53 before finally ending at 17,604.96 - up 173.11 points. Nifty ended up 55.95 points at 5,325.85.
Nifty Tomorrow
Nifty Futures shut stop at 5345.55 up by 71.20 points or 1.35 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5360 else below support level of 5260 it would be in a downward trend.
Resistance: 5360 - 5410.
Support: 5260 - 5170.
Bank Nifty Tomorrow
In banking, CNX Bank Index gained 141.60 point or 1.42 %. Amongst the banking index IDBI Bank, HDFC Bank and State Bank of India lead the row.
Bank Nifty Futures shut stop at 10154.85 up by 187.05 points or 1.88 %. It is expected to be bullish in the coming trading session if it manages to trade above the resistance level of 10200 else below support level of 9900 it would be in a downward trend.
Resistance: 10200 - 10530.
Support: 9900 - 9740.
Options Tomorrow
Options Trend and Stock Option Outlook will be updated soon.....
For all Stock tips for tomorrow, nifty tomorrow, option tomorrow tips - Click Here
