Nifty Tips and Forecast for Tomorrow (4th July '11)
Snapping a six-day rally, the NSE benchmark NIFTY was down by over 20.20 points at mid-session today after initial gains were wiped out on the emergence of profit-booking by funds in the best performing sectors. The S&P CNX NIFTY ended at 5627.20 down 20.20 points or 0.36 %.
The Nifty futures closed and settled finally at 5632.85 down by -22.55 points or 0.40 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5726 else below support level of 5600 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5726 & above this level the next resistance is seen near the 5790 mark.
SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5564 mark.
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