The S&P CNX Nifty closed at 5739, down by -95.15 or 1.64 %.  The Nifty futures closed and settled finally at 5739, down by 95.15 points or 1.63 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5727 else above resistance level of 5925 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.

SUPPORT: It has first support close to the level of 5727 & below this level the next support is seen near 5660 mark.

Indian markets down 1.50%, Nifty slips below 5850 & Sensex below 19500.
WPI Inflation came at 8.98 % vs. 8.31%, Mfg. products came at 6.21 vs. 4.94%.
European markets were mixed with DAX leading, Dow future was down 5 pts.
Indian market ended down 1.50% due disappointing IT bellwether; Infosys results & rising inflation as Nifty lost 87 pts to end at 5825 while Sensex was down by 310 pts to settle at 19386. Euro markets were in green due to number of positive economic data with FTSE up 23 pts, CAC down 4 pts & DAX up 32 pts. Dow future was down 5 pts.
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After rallying in green zone for last two weeks, market today faced  the selling pressure and Nifty Index ended in the red at 5891.75 down by -.31% or 18.30 points.

The Nifty futures closed and settled finally at 5910.95, down by 21.65 points or -0.36 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5975 else below 5870 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5975 & above this level the next resistance is seen near the 6075 mark.

SUPPORT: It has first support close to the level of 5870 & below this level the next support is seen near 5770 mark.

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Asian stocks fell, the domestic markets opened on a soft note, with IT stocks weighing down on the bourses, after two consecutive sessions of gains the previous week. Shrugging off weak Asian cues, the domestic markets logged gains for the sixth consecutive day. The S&P CNX Nifty closed at 5687.25, up 33 points or +0.58 %.

The Nifty futures closed and settled finally at 5699.65, up by 18.95 points or 0.33 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5730 else below 5660 it would be in a downward trend.

RESISTANCE:  Level of 5730 & above this level the next resistance is seen near the 5796 mark.
SUPPORT:  support close to the level of 5660 & below this level the next support is seen near 5570 mark.

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 RESISTANCE: First resistance close to the level of 5530 & above this level the  5575.
SUPPORT: First support close to the level of 5410 & below this level the  5350

 

With a positive opening this morning, the bourses kept up the momentum, and traded firm through the day until late afternoon, shrugging off Asian power-house Nikkei's near-2% drop in value today. The S&P CNX Nifty closed at 5480.25, up 66.40 points or +1.23%.

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Nifty Outlook
Trend: - Consolidate
Resistance: - 5440, 5540
Support: - 5375, 5300
Strategy: - Sell on highs 
Bank Nifty
Trend: - Consolidate
Resistance: - 10990 11180
Support: - 10690, , 10540
Strategy: - Sell on highs

Indian equity market up 1%, Nifty above5400; up 49 pts & Sensex up 149 pts.
GBP Core CPI y/y came up at 3.4 vs. 3.0% & RPI y/y up at 5.5% vs. 5.1%.
European markets were mixed with CAC leading, Dow future was up 35 pts.
Indian equity market ended up 1.0% due to positive global cues as Nifty gained 49 pts to end above 5400 at 5413 while Sensex was up 149 pts to settle at 17988. European markets were mixed despite positive economic data with FTSE was down 8 pts at 5779; CAC up 4 pts at 3908 and DAX was down 27 pts at 6790 pts. Dow future was up 35 pts.
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Shree Renuka Sugars Ltd.
CMP : 70.05
Buy above 70.40 for Tgt of Rs 71--71.60--72.25 and SL of Rs 68.80.

RESISTANCE: first resistance close to the level of 5425 & above this level  5505
SUPPORT:  first support close to the level of 5310 & below this level  5230

Nifty is expected to consolidate in a range of 5,250 to 5,550. Indian Markets are likely to be volatile for coming trading sessions. I would suggest, you should be buying when the stock market falls and selling when it is at very high levels.

For Nifty Tomorrow the major support is there at 5,308 below further downside. On the other hand, the resistance is there at 5,445 and 5,515.

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Nifty Outlook

Trend: - Consolidate
Resistance: - 5490 , 5560
Support: - 5410,  5300
Strategy: - Sell on highs
 Bank Nifty outlook

Trend: - Consolidate
Resistance: - 11050 11300
Support: - 10780, 10610
Strategy: - Sell on highs
Indian equity market down 1.20%, Nifty down 65 pts & Sensex down 208 pts.

RBI raised repo & reverse repo rate by 25 bps to 6.75% & 5.75% respectively.

European markets were in green with DAX leading, Dow future was up 80 pts.

Indian equity market ended down post RBI policy & rising crude oil with Nifty losing 65 pts to end below 5450 at 5446 while Sensex ended down 208 pts to end near 18K at 18150. In Euro zone, DAX was up 100 pts, CAC - 51 pts & FTSE- 59 pts. Dow future was up 80 pts as jobless claims came down by 16k at 385k & Core CPI at 0.2 vs. 0.1%. 

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