Get Free Nifty|Bank Nifty Technical Outlook: Tips Trend Range (Tuesday 2 August) :
The pre starting session of Nifty is started with a soft start today.Yesterday both benchmarks NSE BSE closed on a positive note with all sectors having good gains except ffew sectors. The Sensex closed at 18314, up 117 points and the Nifty closed at 5517, up 35 point.
Last closing of Nifty was at 5516.8 If staying below 5540 , it may test 5493 and even 5464.5 however staying above 5540 Nifty may find fresh buying support and may test 5581.3 on the upside.
Top NSE Gainers were: Ranbaxy, IDFC, L&T, Power Grid Corporation, Kotak Mahindra Bank.
Nifty (Spot) Intraday closing was at 5701 and it is predicted that it will be in down trend today.
Resistance : Its first resistance level is at 5710 and above this level it could test the resistance level near the 5776 points.
Support : Its first support level is at 5649 and below this level it could have support level near 5585 points.
Bank Nifty Technical Levels:
In banking, CNX Bank Index gained 45.35 points . ING Vysya Bank, Kotak Mahindra Bank and Jammu & Kashmir Bank were among the top banking indices.
Resistance : The first resistance is close to the level of 11130 and above this level the next resistance is seen near to the level of 11500.
Support : The first support is close to the level of 10900 and below this level the next support is seen near 10760 points.
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