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The Benchmark Index Nifty traded in a range of 163 points from 9969 to 10132 in last week. The Index closed strong this. Major resistance for the index is at 10138 which is its previous all the high. Crucial support for the Nifty Index is at 9969 which is its previous week low.

Bank Nifty is taking resistance of 5 weeks high of 24979 this week the Index closed at 24844 after making a high of 24994. If Index gives breakout and closed above 24979 which is its 6-week high immediate target for the index is at 25199 Crucial support for the Index is at 24458.

Nifty to open gap up by 66 points at 10168 against yesterday’s close of 10101.95 as per SGX Nifty.

The Cash Market Benchmark Index, Small Cap this week gave a breakout of its all-time high of 7985 and made the new high of 8040. The Index closed at 7935 below its previous all-time high of 7985.

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