Friday 23 January 2015

Get Latest Nifty Market Trends And News

Nifty Support Levels for Today-

NIFTY TREND CONSOLIDATE
NIFTY SPOT LEVELS         
SUPP 1: 8730: SUPP 2: 8660
RES 1: 8835: RES 2: 8910
CH BANK NIFTY TREND – CONSOLIDATE
BANK NIFTY FUTURE LEVELS
SUPP 1: 19835: SUPP 2: 19560
RES 1: 20180: RES 2: 20420

The market gained more than a percent in early trade on Friday following stimulus package announced by European Central Bank yesterday evening. The 50-share NSE Nifty surpassed 8800 level for the first time, up 93.30 points to 8854.70 and the 30-share BSE Sensex rallied 364.49 points to 29370.51. However, the broader markets underperformed benchmarks as the BSE Midcap and Smallcap indices gained 0.5 percent each.

Key benchmark indices surged in opening trade after European Central Bank (ECB) announced larger than expected monetary stimulus. The barometer index, the S&P BSE Sensex was currently up 347.32 points or 1.20% at 29,353.34. The market breadth indicating the overall health of the market was strong. The CNX Nifty was up 78.55 points or 0.90% at 8,839.95. The index hit a high of 8,842.95 in intraday trade, a lifetime high for the index. The index hit a low of 8,827 in intraday trade.

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