Nifty Tips and Forecast for Tomorrow (20th June '11)
The NSE benchmark NIFTY closed -30 points down as investors sold IT stocks on worries that an interest rate hike by the RBI amid deepening Euro debt crisis might derail the global economic recovery.. The S&P CNX Nifty finally closed at 5366.40, down -30.35 points or -0.56 %.
The Nifty futures closed and settled finally at 5372.70 down by -29.70 points or -0.55 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5310 else above resistance level of 5440 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5540 mark.
SUPPORT: It has first support close to the level of 5310 & below this level the next support is seen near 5230 mark.
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