The Nifty futures closed and settled finally at 5467, up by 0.65 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade support level of 5410 else above resistance level of 5540 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5630 mark. 

SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5320 mark

In banking, CNX Bank Index gained 58.80 points or 0.55 %. Amongst the banking stocks Karnataka Bank, Union Bank of India and Central Bank of India lead the row. 

Bank Nifty Futures shut stop at 10702 up by 63.45 points or 0.60 %. It is looking bearish in the coming trading session if it manages to trade support level of 10620 else above resistance level of 10750 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10750 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10620 & below this level the next support is seen near 10430 marks

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Nifty Trading Levels: 30 May 2011
RESISTANCE: 1- 5490 & above this level the next resistance  5530
SUPPORT:1-  5415 & below this level the next support 5310  
 
Stock Market Analysis News 
The bourses ended on a positive note for the second consecutive day. At close, the Bombay Stock Exchange’s Sensex was at 18,266.10, up 221.46 points or 1.23% from the previous close. The National Stock Exchange’s Nifty shut shop at 5,476.10, higher by 63.75 points or 1.18%.


The bourses opened on a positive note today, triggered by strong global cues. Since then, they kept hitting fresh intraday highs till the closing bell. The BSE 30-stock index rose as high as 18,298.64 and Nifty hit the day’s high at 5,485.80, in trade today.

The broader markets too ended in the green with BSE Midcap index gaining 1.42% and BSE Smallcap index up 0.83%. Click Here For Nifty Tips | IT and Real State calls

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I expected on Monday stock market trade to High.
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Domestic markets ended on a positive note on Friday despite witnessing tremendous volatility. The gains were supported by the short covering in the most beaten down stocks in the previous sessions. It seems that the markets were in a mood to consolidate today and wait for the budget day to happen next week.
The 50-share NSE Nifty went up 41 points, to end at 5,303 and the 30-share BSE Sensex climbed just 69 points, to close at 17,701.
Dipan Mehta, Member, BSE and NSE, thinks that as far the budgetary impact is concerned, markets shouldn’t expect any transformational moves from the Finance Minister. “Budget is a non-event, little bit of tinkering will take place here and there,” he adds.
Reacting on the crude oil price hike issue, he said that the crude oil price is a weak point of the domestic markets and it has the potential to pinch and hurt the markets to the maximum level. He says, “If you see crude prices going up another USD 10 from the current hike, you can easily factor in 5-7% decline in our markets and there is nothing in the budget, which will change it.

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