Nifty Tips and Forecast for Tomorrow (11th July '11)

Markets extended losses in the last leg of the trade and declined 1% due to selling pressure in financial and mining shares. The S&P CNX Nifty closed at 5660.65, down -68.30 points or 1.19 %.

The Nifty futures closed and settled finally at 5664 down by -80.60 points or -1.40 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5790 else below support level of 5600 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5870 mark.

SUPPORT: It has first support close to the level of 5600 & below this level the next support is seen near 5490 mark.