WEEKLY NIFTY FUTURE SPEAKS
Nifty future shares rose about 2 percent, heading towards its biggest single-day gain in seven months as the rupee recovered from a 23-month low, while hopes that the central bank might cut rates in its September meeting also helped. The S&P BSE Sensex and CNX Nifty ended 1.88%-1.95% higher each Nifty future closed at 8545 with a high of 8553 with percentage change of 1.97.Open Interest addition was seen in 8400/8600 Calls and 8100/8000 Puts. Maximum OI concentration is placed at 8600 call indicating resistance for nifty and maximum OI is placed at 8200 put indicating support for market. For this week Nifty future is having the major resistance of 8675 and above this level having the next resistance of 8785 and in down side first support of 8475 and below this level next support of 8375.
WEEKLY BANK NIFTY SPEAKS
Bank nifty future markets rose heading towards its biggest single-day gain in seven months as the rupee recovered from a 23-month low, while hopes that the central bank might cut rates in its September meeting also helped. Last week bank nifty closed at 18798 with a high of 18840 with percentage change of 3.05 %. For this week bank nifty is having the resistance of 19285 and above this level next resistance of 19705 and in down side having the support of 18525 and next support of 18125.
0 comments:
Post a Comment