Nifty Forecast for Tomorrow (30th March ’11)
The markets opened on a strong note today, as the Nifty scaled the 5750 mark for the first time in two months. An uptrend was observed through the day so far, with the nifty touching a peak of 5787.90 a little after noon, encouraged by positive global cues. The S&P CNX Nifty closed at 5736.35, up 49.10 points or +0.86 %.
The Nifty futures closed and settled finally at 5754.20, up by 54.55 points or 0.96 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5796 else below 5695 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5796 & above this level the next resistance is seen near the 5885 mark.
SUPPORT: It has first support close to the level of 5660 & below this level the next support is seen near 5570 mark.
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