Nifty Tips and Forecast for Tomorrow (23rd June '11)
The benchmark indices had an insipid closing for the second consecutive trading session. In a repeat of the market behaviour witnessed in the previous session, the domestic bourses were unable to sustain the gains for long. While the Asian markets maintained their momentum till close. The S&P CNX Nifty finally closed at 5278.30, up 2.45 points or 0.05 %.
The Nifty futures closed and settled finally at 5283.25 up by 5.40 points or 0.10 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5260 else above resistance level of 5330 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5330& above this level the next resistance is seen near the 5380 mark.
SUPPORT: It has first support close to the level of 5260 & below this level the next support is seen near 5175 mark.
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