Neha Sharma's List: Stock Market Overview

For intraday tomorrow, trend deciding level is at 5,480-5,500. If Nifty shows strength above 5,500 level, then rally to 5,540/5,625 levels may be seen. If Nifty does not show strength above 5,480 levels then selling till 5,450/5,400/5,350may also be seen.

On the basis of daily charts and reports we are observing that indices have closed well below the support zone of the upward gap area (17,750to 17,855 / 5,320 to 5,340) which suggests weakness. In coming trading session if indices trade below 17600/5,240 levels then they are likely to test 17,375 / 5,200 levels or the prior bottom of 17,295 / 5,175. However, on the upside a bounce up to 17,865 - 17,980 / 5,310 - 5,370 can be touched.

By the weekend market recovered some gains which suggests some positive trend for coming trading sessions. Looking at Nifty daily charts and reports it is expected that market may remain positive on Monday.

For intraday trading, trend deciding level is at 5,300-5,330. If Nifty shows strength above this level, then rally to 5,360/5,400/5,460 levels may be seen. On the downside if Nifty fails to show strength above 5,300 levels then selling till 5,260/5,225/5,180 may also be seen.

For Intraday trading tomorrow, trend deciding level is at 5,540-5,550. If Nifty shows strength above this levels, then rally to 5,600/5,640 levels may be seen. If Nifty does not show strength above 5,540 levels then profit booking till 5,475/5,430/5,400 may also be seen.

Bank Nifty Futures shut stop at 10967.15, up 19.85 points or 0.18 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11184 else below 10780 it might be in a bearish trend.

Bank Nifty Futures shut stop at 10884, down 119 points or -1.08 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10970 else below 10775 it might be in a bearish trend.

Bank Nifty Futures shut stop at 10970.05 down 195.35 points or 1.81 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11095 else below 10750 it might be in a bearish trend.

For intraday trading tomorrow if indices trade above 18,465 / 5,540 levels then it would breach downward sloping trend line. Indices are then likely to test 18,585 - 18,740 / 5,565 - 5,600 levels. On the downside 18,310 - 18,215 / 5,490 - 5,460 levels may act as support for the day.

For next intraday trading session any move above 18,470 / 5,540 would lead indices to test 18,640 - 18,750 / 5,580 - 5,610 levels. On the downside, markets could find support levels at 18,225 - 18,120 / 5,475 - 5,440.

Looking at daily Nifty Charts and reports at present the narrow range body formation reflects indecisiveness prevailing at current levels. Hence, if indices trade above 18,185 / 5,460 levels then they are likely to test 18,330-18,410 / 5,495-5,530. On the downside, 18,010 - 17,924 / 5,412 - 5,375 are the crucial support levels for the indices. Any breach of below this levels would intensify the selling pressure.

Bank Nifty Futures shut stop at 10715.90 down -136.05 points or -1.25 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 10615 else above 10960 it would be in an upward trend.

The Nifty futures closed and settled finally at 5545.80, up by 45.55 points or 0.83 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5575 else below 5500 it would be in a downward trend.

For Intraday Trading On Monday market is expected to open either flat or positive, and cues from global markets may lead the indices towards up. For intraday trading on Monday if indices trade above 18880 / 5650 levels then they are likely to test 19028 - 19,190 / 5,680 - 5,725 levels. On the downside, 18,710 - 18,580 / 5,610 - 5,565 levels are support for the day.

For intraday trading tomorrow trend deciding level is at 19750 / 5910. If indices trade above this levels then they are likely to test 19,870 - 19,950 / 5,958 - 5,990 levels. On the downside, 19,604 - 19,532 / 5,865 - 5,830 levels are support for the day. Any breach below this levels may intensify the selling pressure.

For daily intraday trading, trend deciding level is at 5,790. If Nifty shows strength above 5,790 level, then rally to 5,825-5,840/5,885/5,940 levels may be seen. On the down side if Nifty does not show strength above 5,790 levels then profit booking till 5,750/5,700/5,650 may also be seen. Below 5600 level selling pressure may intensify to 5480-5400 levels.

While commenting on Nifty charts until, Nifty manages to breakout above 5,950 levels, volatility may be seen. For Intraday Trading Tomorrow if indices trade above 19740 / 5925 levels then they are likely to test 19865-19970 / 5,970 - 6,015 levels. On the downside, 19,555 - 19,468 / 5,870 - 5,838 levels are support for the day. Any breach below 5825 level would intensify the selling pressure.

For Intraday tomorrow market is expected to open either flat or positive. Until, Nifty manages to trade above 5,750 levels, volatility may be seen in 5,650-5850 range. By tomorrow if indices trade above 19160 / 5750 levels then they are likely to test 19272-19360 / 5,800 - 5,850 levels. On the downside, 19,003 - 18,915 / 5,707 - 5,665 levels are support for the day. Any breach below 5745 level would intensify the selling pressure.

On the basis of daily charts and reports, trend deciding level is at 19350 / 5800. On the upside, if indices trade above 19,350 / 5,800 levels then it is likely to test 19,465 / 5,850 or even extend their gains to 19,530 / 5,880 levels for tomorrow trading session. On the downside, indices may have support at 19,180 - 19,125 / 5,740 - 5,715 levels.