22 May 2014

NIFTY FUTURE OUTLOOK FOR FRIDAY 23-MAY-2014

On Thursday higher volatility was witnessed by market. Today sensex started at 24415 made a high of 24524 and low of 24326 and closed at the level of 24374 .today range of 198 points attend by sensex..Sensex and nifty index edged higher amid initial volatility. The Sensex extended initial gains in morning trade. Market regained strength after paring intraday gains in mid-morning trade. Today index  recovered from lower level after trimming a lion's part of intraday gains in late trade. Today market opened towards down side but in the mid-session it roses up and at the end of the session it again dropped towards downside. And at last it closes at the level of 7276.
Today nifty future started at 7311 made a high of 7337 and low of 7278 and closed at the level of 7293.totalnifty future moved in the range 59 points throughout the day. Now for tomorrow we are expecting bullish momentum for the market. Market will try to touch the level of 7300-7350 .and for down side 7250-7220 will be proved as very good supporting levels.Today bank nifty started at 15087 made a high of 15280 and low of 15006 and closed at the level of 15120.today bank nifty moved total 274 points throughout the day. For bank nifty 15200-15250 will be the next levels and at the down side 15000 will be proved as very good supporting levels.
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RESISTANCE: 7300, 7330, 7360
SUPPORT:  7270, 7240, 7210

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