Nifty Tips for Tomorrow (29th April ’11)
The markets had a rough ride as unwinding of positions ahead of April derivatives expiry took a toll on key heavy weights. The NSE benchmark index S&P CNX Nifty, down -48.45 points or -0.83 % at 5785.45.
The Nifty futures closed and settled finally at 5785.20, down by -51.35 or -0.88 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5765 else above resistance level of 5861 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5861 & above this level the next resistance is seen near the 5950 mark.
SUPPORT: It has first support close to the level of 5765 & below this level the next support is seen near 5695 mark.
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