Nifty Forecast for Tomorrow (21st April ’11)
The markets had a gap-up opening on the back of the positive cues from Wall Street and an enthusing start to the proceedings across Asia. The S&P CNX Nifty closed at 5851.65, up by 110.90 or 1.93 %.
The Nifty futures closed and settled finally at 5874, up by 113.70 or 1.97 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5925 else below support level of 5765 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5725 & above this level the next resistance is seen near the 5925 mark.
SUPPORT: It has first support close to the level of 5665 & below this level the next support is seen near 5700 mark.
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