Nifty Tips and Forecast for Tomorrow (23rd May '11)
The Nifty index opened in the green, tracking positive Asian peers and crept higher led by gains in frontline stocks Larsen & Tourbo, HDFC, ICICI Bank and HDFC Bank. The S&P CNX Nifty ended at 5486.35, up 58.25 points or 1.07 %.
The Nifty futures closed and settled finally at 5484.60, up by 59.80 points or 1.10 %. It is looking bullish in the coming trading session if it manages to trade below the support level of 5385 else above resistance level of 5540 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5540 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5385 & below this level the next support is seen near 5310 mark.
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