Wednesday, August 18, 2010

Nifty Levels and Market Review

NIFTY SPOT LEVELS: SUPP 1 5435 SUPP 2 5395 RES 1 5500 RES 2 5535

BANK NIFTY FUTURE LEVELS: SUPP 1 10800 SUPP 2 10750 RES 1 10950 RES 2 11000 


Our market opens on a strong note this morning, trading at a 30-month high, and the Nifty briefly crossed the 5500 mark for the first time since February 5, 2008. Earlier, the US markets ended flat after coming off the day's lows while Asia is trading firm. Sensex is trading at 18325, up 68 points from its previous close, and Nifty is at 5495, up 15 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.5%. The market breadth is positive with advances at 570 against declines of 188 on the NSE 

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