Nifty future closed @ 5903.55, up by 1.19 % last week on WOW basis. It is facing resistance @ 5950 levels past two weeks and not able to cross this level.
For coming week nifty have a resistance @ 5950 and above this 6020-6090 will be the major higher levels for nifty.
Nifty future major support comes @ 5700 but immediate support comes @ 5850-5790 and 5700.
Hot Stock For This Week-
State Bank of India
As per our technical aspects SBI is looking very strong for upcoming weeks. Firstly it is forming double bottom formation and also making higher bottom pattern. It has major resistance at level of 2890. After a long consolidation phase now it can test the level of 2890. If it’s able to manage this level then for the short period of time target is 2950/3020. And in down side, it can take support at level of 2795 and fundamentally it is also very good. Its qty result is lined up in upcoming weeks. So client can go long for SBI for short period of time.
So here are the levels for tomorrow-
State Bank of India
Today closed at 2918.80 with +57.65 up points or 2.01%
Details Technicals for 26-04-2011
Open 2872.00 Resistance 3 3048.05
Last close 2861.1499 Resistance 2 3004.05
Today's high 2960.05 Resistance 1 2960
Today's low 2872.00 PP (Pivot Point) 2916.
Volume 1,260,689 Support 1 2871.95
52-Week high 3515.00 Support 2 2827.95
52-Week low 1871.10 Support 3 2783.9
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