Nifty is getting more bearish trend, Today also nifty closed with a nagetive mode. Although Today it start with a positive mode and touch the intraday high of 4650.85 but after that nifty had get selling presure and come down to the levels of 4500. It was clear that bears have taken over the Street and have set up camp for good. Experts are turning bearish on India as they feel that macro-economic and government policies can only trigger market now.

May be the reason is down trend of Rs against US Dollar. The rupee has dropped more than 16% against the US dollar since July, making it Asia's worst performing currency this year.

Today Nifty Closed at 4,544.20 with the loss of 68.90 points or 1.49% down. From here nifty is looking more bearish. It is looking bearish in the coming trading session if it manages to trade below the support level of 4450 else above resistance level of 4620 it would be in an upward trend.

Support      :  4450  :  4370.

Resistance :  4620  :  4700.

Today also nifty closed with a nagetive mode. Today it start with selling presure and touch the level of 4500 in early session of the day, may be the reason is down trend of Rs against US Dollar. The rupee has dropped more than 16% against the US dollar since July, making it Asia's worst performing currency this year.

Today Nifty Closed at 4,613.10 with the loss of 38.50 points or 0.83% down. From here nifty is looking consolidate. It is looking bearish in the coming trading session if it manages to trade below the support level of 4530 else above resistance level of 4700 it would be in an upward trend.

Nifty index closed at 4851.60 with the loss of 215.10 or -3.63%. The Nifty Sept future finally settles at with a loss 242.75 pts or -4.97% below at 4843.15 and increased 1703850 shares in the open interest. The Nifty future turned to the discount of 8.45 from premium of 19.20 where as cost of carry is -13.54% vs.10.45%. Nifty future has closed at 4643.15 and now next logical resistance is at 4850 and 4920 levels, and good support near 4500 and 4340 levels

Bank Nifty index closed at 8171.90 with the loss of 639.20 pts or -7.25%. The Bank Nifty Aug future finally settles at loss of 703.45 pts or -7.95% below at 8139.80 and increased 292825 shares in the open interest. The Bank Nifty future came to a discount of 32.10 from premium of 32.15 earlier, whereas cost of carry is -6.25 vs 11.31 Bank Nifty futures has closed at 8843.25 and now next logical resistance is at 8700 and 9000 levels, and good support near 7890 and 7499 levels.

Industrial production dipping into the negative and growth slowing down will play a major role in the Reserve Bank of India's decision on key interest rates and India Inc. hopes the central bank will not play spoil sport this time. The RBI will conduct the mid-quarter review of the monetary policy on Friday.

The central bank has hiked rates 13 times since early 2010 to tame inflation. That objective is closer to realisation, according to latest official figures. Food inflation has dipped to 4.35 percent for the week ended Dec 3, while headline inflation - though still above 9 percent - has shown some signs of decline. Industrial production, however, has taken a beating in the past four months. High interest rates have deterred investments and brought down the index of industrial production into negative terrain.

Overall gross domestic product growth too will not be as per earlier forecasts. With 6.9 percent GDP growth in the first quarter and 7.3 percent in the April-September period, growth this year will be below expectations. Latest government estimates peg it at 7.5 percent (+ or - 0.25 percent).

Nifty was down today also. Today it started with the selling presure and started with negative mode made a intraday low of 4664.9 in morning session. And from there it start to recover. Benchmark share indices ended lower, amid a volatile trading session Thursday. May be the reason is europe market crisis.

Now Nifty is looking consolidate from this point. We suggest don't make any fresh position in this volatile market.

The Nifty future shut shop at 5280.20 losing 17.80 points or -0.21 percent. Nifty future increased 166150 shares in open interest, and came to premium of 33.45 from 20.50 whereas cost of carry is 17.16 vs 8.23, up 108.50 percent. On the options front the OI PCR is 1.37 vs 1.39, whereas the Volume PCR at 1.15 vs.1.17. On the Volatility Front the Indian Volatility Index has ended at 24.89 % vs.24.02% gaining 3.62%. 

On the put options front we have seen addition of open interest in last trading session at strike price of 5000 and 5100. 

Here are free recommendation for Monday's trading-

Here are free recommendation for Monday's trading-

Support        :  5270  :  5180.

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Here are recommendation for today's trading-

Here are some free tips for today's trading session-

Here are some free tips for today's trading session-

Target: 184-186.50, Stoploss: 179.

Here are some free tips for today's trading session-