Nifty Tips and Forecast for Tomorrow (31st May '11)
The Indian markets started the week with a bang where the key benchmark indices opened at their highest levels in more than a week on the back of positive Asian cues. Finally at the close the S&P CNX NIFTY settled in the red, closing down -3 points at 5473.10 which is down 53 points from the day's high.
The Nifty futures closed and settled finally at 5467, up by 0.65 points or 0.01 %. It is looking bearish in the coming trading session if it manages to trade support level of 5410 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 5630 mark.
SUPPORT: It has first support close to the level of 5410 & below this level the next support is seen near 5320 mark.
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