NIFTY FUTURE LEVELS
The market snapped five days winning streak the benchmark indices closed into red. The S&P CNX NIFTY surrendered 87.50 points and it closed above the major support level of 5450.The Indian VIX which is currently at 24.18 and it was up by 1.61 points or 7.13 %. It indicates that the market will continue to volatile in the short term.
NIFTY Futures closed at 5453.65, down by 92.65 points or 1.67 %. It is looking bearish in the coming trading session if it manages to break the support level of 5400 else above 5550 it would be in a bullish trend.
RESISTANCE: It has first resistance close to the level of 5550 & above this level the next resistance is seen near the 5590 mark.
SUPPORT: It has first support close to the level of 5400 & below this level the next support is seen near 5340 mark.
Bank Nifty Tips: Monday 21 Feb 2011
Bank Nifty Futures shut stop at 10927, down 203.40 points or -1.83 %.In banking sector majority of scrip battered down by 2-4 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10880 else above 11130 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 11130 & above this level the next resistance is seen near the 11280 mark.
SUPPORT: It has first support close to the level of 10880 & below this level the next support is seen near 10675 marks.
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