Nifty Forecast for Tomorrow (19th April ’11)
The markets closed around the day's low after spending a major part of the day in the negative as the result season and high inflation numbers seemed to keep the investors edgy. The S&P CNX Nifty closed at 5739, down by -95.15 or 1.64 %.
The Nifty futures closed and settled finally at 5739, down by 95.15 points or 1.63 %. It looking bearish in the coming trading session if it manages to trade below the support level of 5727 else above resistance level of 5925 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5925 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5727 & below this level the next support is seen near 5660 mark.
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