The markets closed higher for the second consecutive day with the S&P CNX NIFTY continuing its northward journey and closing the day up 31.85 points or 0.57 % at 5592.
The Nifty futures closed and settled finally at 5590.45, up by 35.55 points or 0.64 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5630 else below support level of 5540 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5630 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5540 & below this level the next support is seen near 5480 mark.
In banking, CNX Bank Index gained 12.55 points or 0.11 %. Amongst the banking stocks Vijaya Bank, Indian Overseas Bank and Bank of Maharashtra lead the row.
Bank Nifty Futures shut stop at 10948 up by 17.40 points or 0.16 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10990 else below support level of 10850 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 10990 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10850 & below this level the next support is seen near 10730 mark.
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