Nifty Tips and Trend for Tomorrow (1st July '11)

The markets ended a choppy session of trade on a firm note led by short covering in the last leg of trade as traders rolled over positions from June to July series. The Nifty index opened in green at 5,615 level following firm global cues after Greece government approved the austerity plan. The S&P CNX NIFTY ended at 5647.70 up 46.95 points or 0.84 %.

The Nifty futures closed and settled finally at 5647.80 up by 43.70 points or 0.78 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5655 else below support level of 5560 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5655 & above this level the next resistance is seen near the 5726 mark.

SUPPORT: It has first support close to the level of 5560 & below this level the next support is seen near 5440 mark.