Nifty Tips and Trend for Tomorrow (27th June '11)
Nifty made a gap up opening and moved higher after oil prices eased, relieving concerns of inflation. The index touched a high of 5,477 in the afternoon session led by rally in heavyweight ICICI Bank, Infosys and Larsen & Tourbo. The S&P CNX Nifty closed near day’s high at 5,471.25, up 151.25 points
The Nifty futures closed and settled finally at 5484 up by 167.80 points or 3.16 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5505 else below support level of 5335 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5505 & above this level the next resistance is seen near the 5625 mark.
SUPPORT: It has first support close to the level of 5335 & below this level the next support is seen near 5250 mark.
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