Bank Nifty Trend and Nifty Tips For Today 31 May 12

The Nifty slipped over 1 percent early Thursday, with Tata Motors, ICICI Bank and Maruti Suzuki leading the losses. The 30-share Sensex was down 1 percent at 16,159.04.

After a gap-down start, the market is continuing to trade weak. Sensex is at 16149, down 162 points from its previous close, and Nifty is at 4903, down 47 points. CNX Midcap index is down 0.6% and BSE Smallcap index is down 0.5%. The market breadth is negative with advances at 338 against declines of 800 on the NSE.

Nifty Support and Resistance Levels:-
S1-4780 S2-4750
R1-5000, R2-5050

Today Bank Nifty is trading at Rs 9395.4, down by 1.45%    from its previous closing.
Bank Nifty Support and Resistance Levels:-
S1-9450, S2-9430
R1-9500, R2-9530