Nifty Tips and Trend for Tomorrow (1st June '11)
After a flat closing yesterday, the markets staged a stellar comeback today as a lower GDP growth in March eased fears of a hawkish policy stance by the Reserve Bank at its policy meet scheduled next month. Finally at the close the S&P CNX NIFTY settled in the green, closing up 87.05 points at 5560.15 which is up 72 points from the day's low.
The Nifty futures closed and settled finally at 5552.20, up by 85.35 points or 1.56 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5570 else below support level of 5410 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5570 & above this level the next resistance is seen near the 5630 mark.
SUPPORT: It has first support close to the level of 5480 & below this level the next support is seen near 5410 mark.
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