MCX Nifty and Bank Nifty Support and Resistance | News Letter 2 June 2011
Indian equity market ended up 0.50%; Nifty up 32 pts and Sensex up 106 pts.
U.S ADP Non-farm employment change came at 38K vs. expected at 177K.
European markets were in red with DAX worst, Dow future was down 80 pts.
Indian equity market ended up marginally 0.50% for second consecutive day despite weaker global equity markets. Nifty added 32 pts to end near 5600 at 5592 while Sensex added 106 pts to settle at 18608. European markets were in red with DAX down 15 pts, CAC down 7 pts and FTSE down 11 pts. Dow future was down 80 pts as well.
Nifty Outlook
Trend: - Consolidate
Resistance: - 5625 5690
25,
Support: - 5540, 5490
Strategy: - Buy on dips
Bank Nifty OUTLOOK
Trend: - Consolidate
Resistance: - 11040, 11200
Support: - 10815, 10690
Strategy: - Buy on dips
U.S ADP Non-farm employment change came at 38K vs. expected at 177K.
European markets were in red with DAX worst, Dow future was down 80 pts.
Indian equity market ended up marginally 0.50% for second consecutive day despite weaker global equity markets. Nifty added 32 pts to end near 5600 at 5592 while Sensex added 106 pts to settle at 18608. European markets were in red with DAX down 15 pts, CAC down 7 pts and FTSE down 11 pts. Dow future was down 80 pts as well.
Nifty Outlook
Trend: - Consolidate
Resistance: - 5625 5690
25,
Support: - 5540, 5490
Strategy: - Buy on dips
Bank Nifty OUTLOOK
Trend: - Consolidate
Resistance: - 11040, 11200
Support: - 10815, 10690
Strategy: - Buy on dips
Indian equity market ended up 0.50%; Nifty up 32 pts and Sensex up 106 pts.
U.S ADP Non-farm employment change came at 38K vs. expected at 177K.
European markets were in red with DAX worst, Dow future was down 80 pts.
Indian equity market ended up marginally 0.50% for second consecutive day despite weaker global equity markets. Nifty added 32 pts to end near 5600 at 5592 while Sensex added 106 pts to settle at 18608. European markets were in red with DAX down 15 pts, CAC down 7 pts and FTSE down 11 pts. Dow future was down 80 pts as well.
Nifty Outlook
Trend: - Consolidate
Resistance: - 5625 5690
25,
Support: - 5540, 5490
Strategy: - Buy on dips
Bank Nifty OUTLOOK
Trend: - Consolidate
Resistance: - 11040, 11200
Support: - 10815, 10690
Strategy: - Buy on dips
U.S ADP Non-farm employment change came at 38K vs. expected at 177K.
European markets were in red with DAX worst, Dow future was down 80 pts.
Indian equity market ended up marginally 0.50% for second consecutive day despite weaker global equity markets. Nifty added 32 pts to end near 5600 at 5592 while Sensex added 106 pts to settle at 18608. European markets were in red with DAX down 15 pts, CAC down 7 pts and FTSE down 11 pts. Dow future was down 80 pts as well.
Nifty Outlook
Trend: - Consolidate
Resistance: - 5625 5690
25,
Support: - 5540, 5490
Strategy: - Buy on dips
Bank Nifty OUTLOOK
Trend: - Consolidate
Resistance: - 11040, 11200
Support: - 10815, 10690
Strategy: - Buy on dips
4 comments:
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