BANK NIFTY FUTURE LEVELS : 01 JUNE 11

Bank  Nifty Index Lost 10919  . In upcoming trading session,Bank nifty futures is possible to vary between narrow range of 10805-11040 and if it breaks the level 10805 then it would go down upto next support 10670. If bank nifty futures does not sustain at 11040 then it would go high upto next resistance that is bank nifty future would vary between broad range of 11670 -11150.

Daily levels and market prediction : 19 may 11

Nifty Spot Levels : 19 may 11

Today market closed down  -18.35  points or (-0.34%) and finally settled at 5,420.60 and sensex closed down -51.15points or (-0.28%) and finally settled at 18,086.20 

Nifty closed and settled finally at 5,420.60 down by 18.35  points.  The Nifty took a breather today and consolidated around 5420-mark after serious drubbing it received at the hands of bears for the first two days of the week. A possible contraction in loan growth of India's largest commercial bank in next few quarters was reflected in realty and auto stocks.

All eyes are now set on EGoM (Empowered Group of Ministers) meet which is scheduled for the next week. The main agenda of this meeting will be diesel price hike and subsidy sharing mechanism.

Market will be very uncertain in upcoming trading session. If it manages to trade at Support level 5370 then market would be upward trend and if breaks this level then it would go down by 50 points i.e., 5320 and if its  does not sustain to this level then would decline  by 45 points more .

Nifty Manages below this level 5455 then market would be downward trend and if it breaks then would go higher about 40 points that is 5495

Support : It has first support near to the levels of   5370 and below this level near to 5320

Resistance : It has First seen near to5455 and above  this level near to 5495

Bank Nifty Spot  Levels : 19 may 11

Bank  Nifty Index Lost 10593 down by 68 . it is looking Consolidate in upcoming trading session. If it copes to Support level 10505  then market would be upward trend and if it breaks this level then would go down by 140 points that is 10365  and if its does not sustain to this level then would decline by100 points more

If  Bank Nifty manages below this level 10665then market would be downward trend and if it breaks then would go higher upto  10770

Support : It has first support near to the levels of 10505 and below this level near to 10365

Resistance : It has First seen near to10665  and above  this level near to 10770