Nifty Forecast for Tomorrow (25th April ’11)
Markets surged for the third consecutive session tracking gains in global markets and after TCS (Tata Consultancy Services) reported fourth quarter earnings in line with expectations. The S&P CNX Nifty closed at 5884.70, up by 33.05 or 0.56 %.
The Nifty futures closed and settled finally at 5901.60, up by 31 or 0.53 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5950 else below support level of 5880 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5950 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5880 & below this level the next support is seen near 5765 mark.
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