Nifty Forecast for Tomorrow (3rd May '11)
The NSE benchmark index S&P CNX Nifty, down -48.20 points or -0.84 % at 5704.30, on the first trading day of the week on the back of selling pressure witnessed in the banking and consumer durables space.
The Nifty futures closed and settled finally at 5725.40, down by 28.40 or -0.49 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5660 else above resistance level of 5790 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5950 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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