Daily Nifty and market predictions : 26 may 11

Nifty Spot Levels : 26 may 11

Today market closed down  -45.90 points or   (-0.85%) and finally settled at  5,348.95  

and  sensex closed down  -164.73 points or  (-0.91%) and finally settled at 17,850 

Nifty closed and settled finally at  5,348.95  down  by  -45.90 points. With just a day left for the May series expiry, the market continued to trend lower. The Sensex tanked 160 points to shut shop at 17,850. This, on the back of dismal global cues which continued to weigh on sentiment and weakness in frontliners like DLF, Infosys and Reliance which added to the woes tugging the market to a two-month low.

Market will be consolidate   in upcoming trading session. If it manages to trade at Support level 5300  then market would be upward trend and if breaks this level then it would go down by 60  points i.e., 5240 and if its does not sustain to this level then would decline  by 50  points more .

Nifty Manages below this level 5375 then market would be downward trend and if it breaks then would go higher about 40 points that is  5415

Support : It has first support near to the levels of   5300  and below this level near to   5240

Resistance : It has First seen near to 5375  and above  this level near to  5415

Bank Nifty Spot  Levels  : 26 may 11

Bank  Nifty Index Lost 10366. it is looking Consolidate in upcoming trading session. If it copes to Support level 10260 ,then market would be upward trend and if it breaks this level then would go down by 135 points that is , 10125 and if its does not sustain to this level then would decline by 140  points more

If  Bank Nifty manages below this level  10440 then market would be downward trend and if it breaks then would go higher upon  10525

Support : It has first support near to the levels of 10260  and below this level near to 10125

Resistance : It has First seen near to 10440  and above  this level near to10125