Nifty/Bank Nifty Technical Levels Today 28 July

Nifty/Bank Nifty Technical Outlook: Tips Trend Range (Thursday, 28 July)- 

The pre-opening session of the market begins with the Nifty and Sensex indicating a negative start today as Asian markets are trading with average cut of about a percent. The SGX Nifty is at 5500, down 47 points. Yesterday  a lot of stocks, especially belonging to rate sensitive sectors were traded towards weakness and closed in negative.

Yesterday Nifty was closed at 5546 and it is predicted that it will again in down trend today.

Top NSE Gainers: Sesa Goa, HDFC, DLF, Reliance Communications, Maruti Suzuki Ltd., and Bharat Petrolium .

Resistance : Its first resistance level is at 5594 and above this level it could test the resistance level near the 5655 points.

Support : Its first support level is at 5532 and below this level it could have support level near 5471 points. 

Bank Nifty Tips:

In banking, CNX Bank Index lost -277.25 points yesterday. Dhanalakshmi Bank, Yes Bank and Kotak Bank were the top banking indices.

Resistance : It has first resistance level near 11495 above this level the next resistance is seen near to the level of 11780.
Support : It has first support close to 11030 & below this level the next support is seen near 10975 marks.