Nifty/Bank Nifty Technical Outlook Today 22 July

Nifty Tips Levels Trend Range Prediction(Friday 22 July):-

The Indian markets NSE-BSE opened the last day of the week on a strong note, in the backdrop of positive global cues.  Sensex is trading at 18583, up 147 points from its previous close, and Nifty is at 5577, up 35 points. Yesterday Nifty was closed at 5541 points.Yet Indian Equities opened on a positive note today but it is predicted that it will be in down trend today.

Top NSE gainers : Reliance Communications, Dr. Reddy's Lab. , GAIL, Jaiprakash Associates, ICICI Bank.

Resistance : Its first resistance level is at 5576 and above this level it could test the resistance level near the 5637 points.

Support : Its first support level is at 5515 and below this level it could have support level near 5453 points. 

Bank Nifty Tips & Levels Today 22 July

In banking, CNX Bank Index lost -114.90 points yesterday. Top gainers in banking stocks were: Kotak Mahindra Bank, Bank of Maharashtra and Development Credit Bank.

Resistance: It has first resistance close to the level of 11230 above this level the next resistance is seen near to the level of 11405.

Support: It has first support close to the level of 10970 & below this level the next support is seen near 10800 marks.