WEEKLY NIFTY FUTURES SPEAKS
Nifty future closed nearly flat on Friday, with capital goods stocks such as Larsen & Toubro ending lower ahead of July industrial output data due later in the day. The S&P BSE Se nsex lost 0.05% and CNX Nifty ended 0.02% higher. Nifty future closed at 7785 with a high of 8579 with percentage change of - 1.57 %. Open Interest addition was seen in 8300/7900 Calls and 7400/7700 Puts. Maximum OI concentration is placed at 8200 call indicating resistance for nifty and maximum OI is placed at 7500 put indicating support for market. For this week Nifty future is having the major resistance of 7885 and above this level having the next resistance of 7975 and in down side first support of 7555 and below this level next support of 7455.
WEEKLY BANK NIFTY SPEAKS
Bank nifty future closed nearly flat with capital goods stocks such as Larsen & Toubro ending lower ahead of July industrial output data due later in the day. Last week bank nifty closed at 16600 with a high of 16798 with percentage change of -0.17 %. For this week bank nifty is having the resistance of 16815 and above this level next resistance of 17025 and in down side having the support of 16175 and next support of 15825.
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