Today market closed down -45.90 points or (-0.85%) and finally settled at 5,348.95
and sensex closed down -164.73 points or (-0.91%) and finally settled at 17,850
Nifty closed and settled finally at 5,348.95 down by -45.90 points. With just a day left for the May series expiry, the market continued to trend lower. The Sensex tanked 160 points to shut shop at 17,850. This, on the back of dismal global cues which continued to weigh on sentiment and weakness in front liners like DLF, Infosys and Reliance which added to the woes tugging the market to a two-month low.
Market will be consolidating in upcoming trading session. If it manages to trade at Support level 5300 then market would be upward trend and if breaks this level then it would go down by 60 points i.e., 5240and if it’s does not sustain to this level then would decline by 50 points more .
Nifty Manages below this level 5375 then market would be downward trend and if it breaks then would go higher about 40 points that is 5415
Support : It has first support near to the levels of 5300 and below this level near to 5240
Resistance : It has First seen near to 5375 and above this level near to 5415
Bank Nifty Spot Levels: 26 may 11
Bank Nifty Index Lost 10366. it is looking Consolidate in upcoming trading session. If it copes to Support level 10260 then market would be upward trend and if it breaks this level then would go down by 135 points that is 10125 and if its does not sustain to this level then would decline by 140 points more
If Bank Nifty manages below this level 10440 then market would be downward trend and if it breaks then would go higher upon 10525
Support: It has first support near to the levels of 10260 and below this level near to 10125
Resistance: It has First seen near to 10440 and above this level near to10125
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