Resistance: 5251 - 5361
Support: 5171 - 5131


Bank Nifty
In the prevoius trading session, Bank Nifty Futures ended at 9803 up by -36.65 points or 0.36 %. Bank Nifty Futures is expected to be bullish if it manages to trade above the resistance level of 9951 else below support level of 9671 it would be in a downward trend.
Resistance: 9951 - 10131

On last trading session nifty futures closed at 5644.55 up by 101.35, nifty futures looking bullish for upcoming trading session from the level of 5670, otherwise nifty seems to be bearish from the level of 5570.

Nifty Resistance - Nifty has first resistance of 5670 & second resistance of 5790.

Nifty Support - Nifty has first support of 5570 7 second support of 5490.

Bank Nifty Resistance - Bank nifty has first resistance of 11405 & second resistance of 11500

Bank nifty support - Bank nifty has first support of 11110 & second support of 10975.

Nifty futuers finally closed at 5651.10 down by 14.75 points, Nifty looking bullish from the resisatnce level of 5726, else from the support level of 5600 nifty seems to bearish.

Resistance - Nifty has first resistance of 5726 then next resistance level would be 5600.

Support - Nifty has first support of 5600 then below from this level next support is 5564.

Resistance - Bank Nifty has first resistance of 11480 & next resistance would be 11780

Support - Bank Nifty has first support of 11325 & next support of 11210.

The Nifty Futures shut up at 5484 up on last trading day by 167.80 points. Nifty futures seems to be bullish from the level of 5505, other wise from the support level of 5335 it seems to be bearish.

Nifty Resistance - nifty futures first resistance is 5505 & other resistance is 5625.

Nifty support - nifty futures aupport is 55335 & other support is 5250

Bank Nifty resistnace  - Bank nifty first resistnace is 10990 & second is 10985.

Bank nifty Support - Bank nifty first support is 10610, after this second resistance is 10440.

Nifty future June shut up at 5372.70, dwon by 29.70 points, from the level of 5440 nifty future seems to in bullish trend, & if it trade below the level of 5310 then nifty seems to be in bearish trend.

Nifty Resistance - Nifty future have first resistance on level of 5440, second resistance is 5540.

Support - nifty has first support from 5310 & second support form the level of 5320.

Bank nifty future settled at 10622.60 up by 31.50 points, bank nifty seems to bullish trend form the level of 10750, otherwise it seems to bearish from the level of 10500.

Resistance - Bank nifty first resistnace is 10750 then second resistance is 10980..

Support - Bank nifty support is 10500 then second support is 10330.

Nifty future's projected high and low for next session is 5660 and 5450. Nifty future will face immediate resistance at 5589-5592.Immediate support now comes at 5468. If cannot move above 5611 then again watch panic towards towards 5468-5443. After the continuous fall during seven days the market has given a dead cat bounce.

Bank Nifty future's projected high and low for next session is 10981 and 10533. Bank nifty future's immediate resistance now placed at 11155. Immediate support below comes at 11047 and below the zone again selling pressure would emerge for 10701-10650-10613 level. Fresh bull run is expected only closing above 11261.

After a long trading days the Stock Market Shut up at 18519, with up trend by 308 points, the index touched a high and a low of 18,568.48 and 18,271.68 respectively. While nifty closed at 5551 with up 91 points, the index touched high and low of 5,564.40 and 5,472.45, respectively.

Nifty May 2011 futures closed at 5,547.95, at a discount of 3.50 points over spot closing of 5,551.45, while Nifty June 2011 futures were at 5,562.75 at a premium of 11.30 points over spot closing. The near month May 2011 derivatives contract expires on Thursday, May 26, 2011. Nifty May futures saw addition of 0.21% or 0.05 million (mn) units, taking the total outstanding open interest (OI) to 27.80 mn units.

For Nifty calls, 5600 strike price (SP) from the May series was the most active call with a contraction of 0.25 mn or 4.68%. Among Nifty puts, 5500 SP from the May month expiry was the most active put with an addition of 0.76 or 18.54%. The maximum Call OI outstanding was at 5600 SP (5.29) and that for Puts at 5500 SP (4.91).

The Sensex closed at 19292, down 157 points from its previous close, the index touched a high and a low of 19,542.05 and 19,265.92 respectively. While Nifty shut shop at 5785, down 48 points, the index touched high and low of 5,856.40 and 5,776.95, respectively

Nifty April 2011 futures closed at 5,785.20, at a discount of 0.25 points over spot closing of 5,785.45, while Nifty May 2011 futures were at 5,811.00 at a premium of 25.55 points over spot closing. The near month April 2011 derivatives contract expires today. Nifty April futures saw contradiction of 3.93% or 0.52 million (mn) units, taking the total outstanding open interest (OI) to 12.83 mn units.

For Nifty calls, 6000 strike price (SP) from the May series was the most active call with an addition of 0.83 mn or 31.70%. Among Nifty puts, 5800 SP from the May month expiry was the most active put with an addition of 0.41 mn or 17.70. The maximum Call OI outstanding was at 6000 SP (3.46) and that for Puts at 5800 SP (2.73).

The Nifty April future closed 69.40 pts or 1.19 % higher at 5903.55. The Nifty future closed with the mild gains and witnessed an increase of open interest by 0.11 % and increase in the cost of carry by 221.60 %. It indicates addition of long position and so Nifty future may show some upside in the short run.

The Bank Nifty April future closed 154.35 pts or 1.31 % higher at 11926.00. The Bank Nifty future closed with the gains of more than 1% and witnessed a decrease of open interest by 1.21% and increase in the cost of carry by 178.40 %. It indicates some fresh positions were accumulated in the long side and so some upside may be seen in Bank Nifty future in the short run.

The CNX IT April future closed -69.30pts or -1.01 % lower at 6799.45. The IT future closed with the loss of 1% and witnessed a decrease in open interest by 2.72 % and increase in the cost of carry by 129.21 %. It indicates some fresh positions were accumulated in the long side and so some upside can be seen in it in the short run.

On the call options front addition of open interest was witnessed in the last trading week at strike price of 6000 and 6100.

On the put options front we have seen addition of open interest in the last trading week at strike price of 5700 and 5800.

OI Chart Analysis: In coming sessions market may trade in a range of 5700-6100. The call option strike price with the maximum number of open interest i.e. 6000-6100 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5800-5700 will act as major support level.

The Nifty April future closed -6.45 pts or -0.11 % lower at 5854.90. The Nifty future closed with the mild losses and witnessed an increased of open interest by 4.57 % and decreased in the cost of carry by -50.79 %. It indicates addition of short position and Nifty future may show some more correction in the short run.

Last week the Bank Nifty Index ended with gains of 5.05% after the Budget announcement. On the derivatives front we have seen that the Bank Nifty Futures prices ended with gains along with decline in the cost of carry and decline in open interest, this is an indication of profit booking being witnessed at higher levels. For the coming week, immediate Resistance for Bank Nifty is seen at 11300 levels, above this level the next resistance is seen at 11545 whereas on the downside support for the Index is seen at 10510/10270.

The CNX IT April future closed +43.75 pts or +0.61 % higher at 7197.05. The IT future closed with the mild gains and witnessed an increased of open interest by 34.05 % and decreased in the cost of carry by 12.95 %. It indicates some fresh positions were accumulated in the short side and so some correction can be seen in it in the short run.

On the call options front addition of open interest was witnessed in the last trading week at strike price of 6000 and 5900. On the put options front we have seen addition of open interest in the last trading week at strike price of 5700 and 5800. OI Chart Analysis: In coming sessions market may trade in a range of 5700-6000. The call option strike price with the maximum number of open interest i.e. 6000-5900 will act as major resistance level where as the put option strike price with the maximum number of open interest i.e. 5700-5800 will act as major support level.

Nifty Futures prices closed down with an overall decrease of open interest and decrease in the cost of carry, this is an indication of closure of long positions. Nifty Futures shut up at 5902.10 down by 8.85 points, Nifty seems to be bullish from the resistance level of 5975, otherwise from the support level of 5870 it would be bearish

Nifty Resistance - It would be 5975 & 6000

Nifty Support - It would be 5870 & 5770

On the call options front addition of open interest was witnessed in last trading session at strike price of 5900 and 6100.

On the put options front we have seen addition of open interest in last trading session at strike price of 5900 and 5800.

OI Chart Analysis: From the OI Chart we can see that in April Series addition of open interest on the calls front is existent in the band at strike price of 6000-6100 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5900-5800 indicating it as immediate support zone on the downside.

The Stock Market Closed with possitive trend at 192327, the index touched a high and a low of 19,357.10 and 19,178.77, respectively. While Nifty Index shut up at 5798.95, the index touched high of 5,803.15 and a low of 5753.90, respectively.

Nifty March 2011 futures closed at 5,813.25 at a premium of 25.60 over spot closing of 5,787.65, while Nifty April 2011 futures were at 5,852.05 at a premium of 64.40 points over spot closing. The near month March 2011 derivatives contract expires on Thursday, March 31, 2011. Nifty March futures saw an addition of 12.95% or 2.18 million (mn) units, taking the total outstanding open interest (OI) to 19.03 mn units.

For Nifty calls, 5800 strike price (SP) from the March series was the most active call with an addition of 0.58 mn or 8.43%. Among Nifty puts, 5800 SP from the March month expiry was the most active put with an addition of 2.48mn or 64.02 %. The maximum Call OI outstanding was at 5800 SP (7.47) and that for Puts at 5800 SP (6.36). The respective Support and Resistance levels are: Resistance 5809.23 -- Pivot Point 5781.56 -- Support 5759.98.

Tata power has continued to trade in uptrend. The stock is consolidating at the higher level and trading with the positive bias. So a decisive breakout above the level of 1260 may show some more upside in the coming trading sessions.

Resistance - 1260

Support - 1240

Sun Pharma has continued to trade in uptrend. The stock is consolidating at the higher level and trading with the positive bias. So a decisive breakout above the level of 460 may show some more upside in the coming trading sessions.

Resistance - 460

Support - 445

It is now taking support at 617 and resistance at 640 .It is looking strong on chart in today's trading session it was up by 1.73 % from this level further upside of movement would be expected. Once can go for long position in it at 640 above this level it might be in a bullish trend.

resistance - 640

Support - 617

After making a low of 1085.10 it is continuously moving in an upward trend, it is now trading at 1110.35 and it was up by 1.63 %. It has resistance at 1119 and support at 1078. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 1119 above this level it would be in a bullish

trend.

Resistance - 1119

Support - 1078

The Nifty Index last week once again witnessed heavy selling pressure at higher levels and ended with losses of 1.31% at 5373.70. On the derivatives front we have seen that the Nifty Futures prices ended in the red territory along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. For the coming week, support for Nifty is seen at 5310 mark, below this mark selling pressure may continue and in that case the next support range is seen at 5230/5180 whereas on the upside resistance continues to exist at 5540.

The Bank Nifty Index last week ended with nominal losses of 0.23% at 10715.90. On the derivatives front we have seen that the Bank Nifty Futures prices ended in the red territory along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. For the coming week support for Bank Nifty is seen at 10590, below this level selling pressure may continue and in that case the next support is seen near 10280/10188 whereas on the upside resistance continues to exist above the 11000 mark.

The CNX IT Index in last trading session ended with losses of 2.52% at 6552.65. On the derivatives front we have seen that the CNX IT Futures ended in the red territory along with an overall addition of open interest and increase in the cost of carry, this is an indication of some longs being built at lower levels. For the coming week, support for CNXIT is seen at 6482/6300/6140 levels whereas on the upside Resistance for the Index is seen at 6767 levels.

From the OI Concentration (Apr. Series) we can see that addition of maximum open interest on the calls front is existent at 5500-5800 indicating this range to act as resistance on the upside whereas on the put options front we can see that maximum open interest is accumulated at 5000 strike indicating this to act as major support on the downside.

Stock Market BSE Index closed at 18327, down with 0.77%, The index touched a high and a low of 18,430.84 and 18,261.26. While S&P CNX Nifty closed at 5494.40, with down .66%, The index touched high of 5516.30 and a low of 5468.45 respectively.

The 50-share S&P CNX Nifty finally settled at 5,494.40 after losing 36.60 points or 0.66%. Nifty March 2011 futures closed at 5,508.40 at a premium of 14.00 over spot closing of 5,494.40, while Nifty April 2011 futures were at 5,528.40 at a premium of 34.00 points over spot closing. The near month March 2011 derivatives contract expire on Thursday, March 31, 2011. Nifty March futures saw an addition of 8.21% or 1.79 million (mn) units, taking the total outstanding open interest (OI) to 23.72 mn units.

For Nifty calls, 5600 strike price (SP) from the March series was the most active call with a contraction of 0.06 mn or 1.03%. Among Nifty puts, 5400 SP from the March month expiry was the most active put with an addition of 0.92 mn or 10.50%. The maximum Call OI outstanding was at 5600 SP (6.40) and that for Puts at 5400 SP (9.75). The respective Support and Resistance levels are: Resistance 5517.65 --Pivot Point 5,493.05--Support 5,469.80. The Nifty Put Call Ratio (PCR) OI wise stood at 1.34 for March-month contracts.

Nifty Future Today closed at in the red mode & finally settled at 5532, Nifty seems bulish for next session if it will manage level of 5580 else looking bearish for the level of 5315.

Resistance for Nifty - It would be 5580 & 5625

Support for Nifty - It would be 5506 & 5460

On the call options front we can see that accumulation of open interest is seen at strike price of 5600, 5700 and 5800. On the put options front we have seen addition of open interest at strike price of 5500.

In March Series addition of open interest on the calls front is existent in the band at strike price of 5600-5700 indicating it as resistance on the upside whereas on the put options front we can see that addition of open interest is existent at strike price of 5400-5300 indicating it as immediate support zone on the downside.

Today market was very strong, it was closed at 18472.97, up with 3.64%, The index touched a high and a low of 18,476.08 and 17,964.39, respectively. While Nifty - 50 Index closed at 5532, with up trend 3.74%, The index touched a high and a low of 5,533.05 and 5,373.55, respectively.

Nifty March 2011 futures closed at 5,554.95, at a premium of 32.65 over spot closing of 5,522.30, while Nifty April 2011 futures were at 5,570.10, at a premium of 47.80 points over spot closing. The near month March 2011 derivatives contract expire on Thursday, March 31, 2011. Nifty March futures saw an addition of 7.69% or 1.73 million (mn) units, taking the total outstanding open interest (OI) to 24.35 mn units.

For Nifty calls, 5500 strike price (SP) from the March series was the most active call with contraction of 0.08 mn or 1.74%. Among Nifty puts, 5400 SP from the February month expiry was the most active put with an addition of 2.44 mn or 50.27%. The maximum Call OI outstanding was at 5500 SP (4.82) and that for Puts at 5300 SP (7.30). The respective Support and Resistance levels are: Resistance 5579.05 --Pivot Point 5476.3--Support 5419.55. The Nifty Put Call Ratio (PCR) OI wise stood at 1.44 for February-month contracts.

Today Market moved under the volatile condition because of Union Budget. Nifty seems to bearish for next trading session if it manage to level of support 5230, else it would be 5505.

Nifty Resistance - It would be 5505 to 5590

Nifty Support -It would be 5230 to 5175

Bank Nifty Closed at 10443. It seems to bullish for resistance level of 10800, other wise looking bearish from level of 10260.

Bank Nifty Resistance - 10520 to 10640

Bank Nifty Support - 10260 to 10030