Nifty/Bank Nifty Technical Outlook:Tips Trend Range (Tuesday, 26 July)-
The pre-opening session of the both markets NSE BSE begins with the Nifty and Sensex indicating a flat start today. The SGX Nifty is at 5705, up 18 points. SGX Nifty is trading at 5704.50 in the morning session,which is 17 points higher than Monday closing of 5,687. On the other hand Asian Stocks open mixed.On the previous trading day Nifty was closed at 5680 and it is predicteed that it will be in positive trend today.
Top NSE gainers today were:Reliance Communications, Bharti Airtel,Mahindra & Mahindra, Axis Bank, Sun Pharma.
Resistance : Its first resistance level is at 5742 and above this level it could test the resistance level near the 5805 points.
Support : Its first support level is at 5618 and below this level it could have support level near 5587 points.
Bank Nifty Today-
In banking, CNX Bank Index gained 99.85 points yesterday . Oriental Bank of Commerce, Punjab National Bank and Axis Bankare the Top banking indices.
Resistance : It has first resistance close to the level of 11495 above this level the next resistance is seen near to the level of 11780.
Support : It has first support close to the level of 11240 & below this level the next support is seen near 10975 marks.
Support : It has first support close to the level of 11240 & below this level the next support is seen near 10975 marks.
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