Nifty Tips and Trend for Tomorrow (6th June '11)
The markets closed higher for the second consecutive day with the S&P CNX NIFTY continuing its northward journey and closing the day down -33.60 points or -0.16 % at 5516.75.
The Nifty futures closed and settled finally at 5533.80 down by -24.65 points or -0.44 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5625 else below support level of 5480 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5625 & above this level the next resistance is seen near the 5730 mark.
SUPPORT: It has first support close to the level of 5480 & below this level the next support is seen near 5400 mark.
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