Nifty Tips and Trend for Tomorrow (29th June '11)
Markets continued to move sideways, after recovering from the lows of the day. Weakness in oil & gas and FMCG stocks dragged the index down 61.95 from the high to an intra-day low of 5496.35. The S&P CNX Nifty closed at 5545.30, up 18.70 points or 0.34 %.
The Nifty futures closed and settled finally at 5546 up by 11.80 points or 0.21 %. 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 5490 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 5490 & below this level the next support is seen near 5335 mark.
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