Nifty Tips and Trends for Tomorrow (30th May '11)
The buoyant mood was in tandem with the sentiment across the global bourses. The benchmark indices started the new derivatives series in style, building on the gains of the previous session, with the S&P CNX Nifty added 63 points or 1.18 % to close at 5476.10.
The Nifty futures closed and settled finally at 5472, up by 81.35 points or 1.51 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5490 else below support level of 5415 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5490 & above this level the next resistance is seen near the 5530 mark.
SUPPORT: It has first support close to the level of 5415 & below this level the next support is seen near 5310 mark.
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