Monday trading is expected between the broad levels of 4750-4990. If the market breaches the level of 4950 on the upper side then the next resistance level will be 4990. But if nifty breaches the support level of 4825 then it may go down till the level of 4750.
SUPPORT LEVELS
Support 1: 4825
Support 2: 4750
RESISTANCE LEVELS
Resistance 1: 4950
Resistance 2: 4990
Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 8870-9610. Bank nifty futures can go down till the level of 8870 once it breaks the level of 9110. On the opposite side once breaking the level of 9480, it is expected to go upward till the level of 9610. Bank nifty will be trading between the narrow ranges of 9110-9480.
SUPPORT LEVELS
Support 1: 9110
Support 2: 8870
RESISTANCE LEVELS
Resistance 1: 9480
Resistance 2: 9610
BSE Small-Cap index was down 0.24% while the BSE Mid-Cap index finished 0.27% down.CNX MIDCAP 50 index was down 0.11% and S&P CNX 500 was up around 0.53%.
Today’s nifty top gainer were
SBIN changed 5.82% with 88, 72,197 volumes
SESAGOA changed 3.84% with 38, 38,354 volumes
GRASIM changed 3.69% with 42,938 volumes
Nifty Losers
Today’s nifty top losers were
TATAMOTOR with volume 1, 25, 92,092 and changed -3.87%
AMBUJACEM with volume 26, 31,356 and changed -3.52%
MARUTI with volume 6, 12,497 and changed -3.08%
BUY STAR ABOVE 712
First Target 716
Second Target 722
Stop Loss 706
First Target 665
Second Target 672
Stop Loss 656
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