Nifty Tips and Forecast for Tomorrow (6th July '11)
Indian shares slipped 0.4 per cent on Tuesday as investors locked in gains after a revival of foreign interest triggered the recent sharp rally, while views the rise could have been overdone kept the near-term outlook uncertain. The S&P CNX NIFTY ended at 5632.10 down -18.40 points or 0.33 %.
The Nifty futures closed and settled finally at 5651.10 down by -14.75 points or 0.26 %. 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 5600 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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