Nifty 

Trend: - Consolidate
Resistance: - 5570 5650
70,
Support: - 5490, 5
, 5400
Strategy: - Sell on highs

 Bank Nifty 

Trend: - Consolidate
Resistance: - 11040 11300
040,
Support: - 10780, 1
, 10640
Strategy: - Sell on highs

Indian equity market ended up 1.60%; Nifty up 87 pts and Sensex up 266 pts.
Feb WPI inflation came at 8.31 vs. 8.23% in Jan as against expected at 7.79%.
European markets were down with DAX worst, Dow future was down 20 pts.
Indian equity market ended up despite negative global cues on the back of falling crude
oil prices. Nifty added 86 pts to end above 5500 at 5531 while Sensex rallied 265.4 pts
to end at 18440. Euro markets were in red on concerns over economic damage caused
by Japan’s earthquake with DAX down 84 pts, FTSE down 19 pts & CAC down 23 pts.

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Nifty Tips for today

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The Nifty futures closed in the red and settled finally at 5462.55, down -42.10 points or -0.76 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 5400 below this level it would be in a bearish trend else above 5515 it might face more selling pressure.

RESISTANCE:
Resistance1- 5515
Resistance2- 5575

SUPPORT1-5400 

SUPPORT2- 5310

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Nifty Tips for tomorrow

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The Nifty futures also moved in the positive zone touching a high of 5548 and settled finally at 5537.15 up 61.55 points or +1.12 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5622 above this level it would be in a bullish trend else below 5375 it might face more selling pressure.

RESISTANCE: It has first resistance close to the level of 5622 & above this level the next resistance is seen near the 5675 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5335 mark.

Intraday Stock Tips 

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