Nifty Tips and Forecast for Tomorrow (28th June '11)
India’s benchmark stock index rose for the third day, extending the biggest rally in four months, as a drop in oil outweighed concern an increase in local fuel prices will stoke inflation. The S&P CNX Nifty closed at 5526.60, up 55.35 points or 1.01 %.
The Nifty futures closed and settled finally at 5534.20 up by 50.15 points or 0.91 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5560 else below support level of 5440 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5560 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5440 & below this level the next support is seen near 5335 mark.
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