Nifty spot level : 21 july 11

Tomorrow nifty is expected to trade between the strong levels of 5485 to 5650. If the market breaches the level of 5600   on the upper side then the next resistance level will be   5650. But if nifty breaches the support level of 5530   then it may go down till the level of 5485. Nifty tomorrow is strongly expected to trade between the narrow ranges of 5530   to 5600.

SUPPORT : First Nifty spot level near 5530 and Second Nifty spot level  at 5485

RSISITANCE : First Resistance near to 5600 and second near to 5650

Bank nifty futures : 21 july 11

Based on the running trading scenario bank nifty future is expected to trade between the broad levels of 10970 to 11410. Bank nifty futures can go down till the level of 10970 once it breaks the level of 11100. On the opposite side once breaking the level of 11280, it is expected to go upward till the level of 11410. Bank nifty will be trading between the narrow ranges of 11100   to 11280

SUPPORT:  First Nifty spot level near 11100 and Second Nifty spot level  at 10970

RSISITANCE:  First Resistance near to 11280 and second near t0 11410

STOCK MARKET REVIEW : 21 july 11

CNX Midcap index was down about 1.27%% while BSE smallcap index also lost 0.36%.  Shares of India ended lower at the end of the day, the Nifty closed below 5600. The BSE Sensex ended 150 points lower after the opening near the top of the day.

Today Nifty Made a high of 5,645.40 and low of 5,555.10

In spite of the upbeat Global market, The NSE-50 was not able to gain from the Jumpstart as investor assimilated a wave of unsatisfactory quarterly earnings.

Most of the companies announcing their results refused today except IRB Infra, Petro net LNG.

The buyer can be seen in the first half of the session that the G positive market effect Obal has not yet been updated. SNA investors to book profits, which can Ferth pull the market up. but the results still WUD area will be closely monitored. Tomorrow market is expected to be downward

Nifty Spot level will manage between 5485 and 5650

Today’s Nifty Top gainer were  :

DLF with changes 1.31%

INFY with changes 0.17%

SIMENS with changes 0.71%

Today’s Nifty Top losers were :

HINDALCO with  changes 3.41%

KOTAK BANK with changes 2.31%

JPASSOCIAT with changes 2.51%