Today’s News on Nifty Future Tips

The market is likely to see a negative start on mostly lower Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 38 points at the opening bell. Market Economics will unveil the result of a monthly survey on the performance of India's services sector for December 2013 today, 6 January 2014. Most Asian stocks declined after a private services report pointed to slower growth in the world's second-largest economy.

Key benchmark indices reversed direction after a positive start. The S&P BSE Sensex was down 27.85 points or 0.13%, off 90.31 points from the day's high and up 36.97 points from the day's low. The market breadth, indicating the overall health of the market, was strong.

The CNX Nifty was down 14.20 points or 0.23% to 6,196.95. The index hit a high of 6,224.70 in intraday trade. The index hit a low of 6,188.90 in intraday trade.

Latest Nifty Market Technical Analysis:

NIFTY TREND: CONSOLIDATE
NIFTY SPOT LEVELS
SUPP 1: 6170
SUPP 2: 6110
RES 1: 6260
RES 2: 6345

Latest Bank Nifty Market Technical Analysis:

CH BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 11010
SUPP 2: 10820
RES 1: 11480
RES 2: 11610

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