Nifty Trends and Tips for Tomorrow (5th May '11)
After a brief stint in the green, the Nifty has slipped into the negative on the back of selling pressure seen in IT and Auto space. The NSE benchmark index S&P CNX Nifty, down -28.10 points or -0.50 % at 5537.15.
The Nifty futures closed and settled finally at 5536, down by -32.70 or -0.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5510 else above resistance level of 5595 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5595 & above this level the next resistance is seen near the 5726 mark.
SUPPORT: It has first support close to the level of 5510 & below this level the next support is seen near 5415 mark.
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