Market started with a negative mode today and touch a intraday low of 4538.4 early in morning today although it manages to close in positive trend.

Today Nifty closed at 4,733.85 with 40.70 gaining points or 0.87% up. Nifty clawed back above the 4700-mark for the first time in last five sessions on closing basis, aided by further short covering in banks, capital goods, oil & gas, FMCG and power stocks. European markets too lifted the confidence, rising 1-1.5% led by banks.

Today Nifty Closed at 4,733.85 with the gain of 40.70 points or 0.87% Up. Nifty is looking bullish in the next trading session if it manages to trade above the Resistance level of 4830 else below Support level of 4640 it would be in an down trend.

Support      :  4640  :  4570.

Resistance  : 4830   :  4900.

Market was on full boom today. It was a pure bullish day for all segment of market. Nifty has a record step up with 148.95 points today and closed at 4,693.15 or 3.28% up. It was a bullish day for nifty as we have recommended yesterday. It was started with a positive mode today and made a intraday high of 4755.95 but it fall back to 4600 levels.

Today Nifty Closed at 4,693.15 with the gain of 148.95 points or 3.28% Up. From here nifty is looking more bullish. It is looking bullish in the coming trading session if it manages to trade above the Resistance level of 4770 else below Support level of 4610 it would be in an down trend.

Support       :  4610  :  4550.

Resistance   :  4770  :  4840.

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.

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.

Today market has change its way and now it is following green path. Today market open with a negative mode and touch intraday low of 4720.80. From there nifty recovered and got the intraday high of 4824. Today nifty closed at 4,800.60 with the profit of 36.00 points. Technically the selling presure is a main reason for the down trend in morning. From here nifty is looking bullish in next trading session so make a fresh buy position in this market condition.

Resistance  :  4860  :  4930.

Support       :  4740  :  4670.

Due to weakness of International market domestic market has also opened under pressure. Today Nifty crashed down by more than 100 points. Although it open with a positive node, but after that it selling pressure whole the day. Today NSE Nifty closed at 4,764.60 with a loss of 102.10 points. It is looking volatile in next trading session so please don't make any fresh position in this market condition.

Resistance  :   4830  :  4900.

Support       :   4700  :  4640.

Nifty did not get its way today also. Today it closed at 4,866.70 with the loss of 76.95 points or down by 1.56%. Nifty was started well at the starting of this week but unfortunately in last two days it gone down side. Hoping that nifty may rise in next trading session. From here Nifty is looking consolidate.

For Monday Intraday trading in nifty technical levels are-

Resistance  :  4940  :  5020.

Support       :  4800  :  4740.

Again nifty fall back to down side, today it fall 118.95 points. After getting a bull trend in last some trading session now it is looking weak. Today it closed at 4,943.65 with the loss of 118.95 points or down by 2.35%. It is looking consolidate in coming trading session. It is looking bearish if it cross the level of 4860 else above 5000 it will be uptrend.

Resistance  :  5000  :  5060.

Support       :  4860  :  4800.

After the consolidate day for stock market nifty was closed in red position. It closed at 5,039.15 with the loss of 11.00. Today Nifty touch the intraday level of 5105.1 but after that it fall back to 5000's levels. Now market facing a real pressour after crossing level of 5000. Our research report says that it will touch the 5200 level soon. So nifty is looking bullion for the next trading session.

Support        :  4900  :  4840.